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Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.


OTCPK:MEAOD - Post by User

Bullboard Posts
Comment by JRaffleson Apr 23, 2012 3:33pm
307 Views
Post# 19825534

RE: Time is money.

RE: Time is money.

223,999,362 outstanding shares.

$1500/oz gold @ 5000/ month = 7,500,000

Costs $500/oz + $500/sandstorm + 12% loan + (that's enough for now) =$-1120/oz

$380 per oz * 5000/ 223,999,362 outstanding shares = 118 months for payback@ $1.00 per share.

Mine life span = 5 years = 60 months...

Is my math right? –

You seem to have included the $500 SSL payment for their 20% gold as an expense on Metanor’s 80% of own production…… . it is far less complicated to eliminate the SSL gold, which costs ~ $500 to produce and Metanor receives $500 from SSL = Neutral.

6,000,000 - $1500 oz gold @ 4,000 (5000 oz x 80%)

2,000,000 – Less: Metanor cash cost @ $500 oz x 4000 oz

--------------

4,000,000 – Pre expense cash flow per month

    70,000 -  Interest pm - £7m @ 12% until repaid / $840,000 /12

 -------------

3,930,000 – Cash Flow per month after interest & before admin & exploration

 -------------

47,160,000 – Cash flow per annum before admin & exploration

 --------------

            0.21 – $1500 oz Annual Cash Flow per share before admin & exploration

 Or…

            0.31 - $2000 ozAnnual Cash Flow per share before admin & exploration

 

 

 

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