Metanor Resources MEAOD

RE: RE: RE: RE: No News This Week

[JRaffles]

Agree for dreaming while we wait for real news;however don't expect to get some news from Barry because the drills are not turning there.

Noted and agreed.  Whilst there is drilling required in the underground zone at BL, it would be folly to drill at Barry with scarce cash resources, since every new “production ounce” at BL will be theoretically worth ~ $500, compared to, say, $50 to $100 for “exploration ounces” at Barry. Barry's day will come. Ref to extract from Analyst report below.

Source – Market Equities Report – September 2011

But the important point is that adding relatively few ounces of gold can potentially have a very significant impact on the stock price of Metanor because these ounces would be viewed as production” ounces (and valued – at least in theory – at up to $500 / oz) rather than “exploration” ounces (and given much lower multiples, as is the case for the typical junior exploration company).