NR - Taylor Recommends The Stock here is that post on Sto**Wat**
Taylor says buy Metanor
2012-06-06 17:49 ET - In the News
Jay Taylor, in the May 18, 2012, edition of Gold, Energy & Tech Stocks, says buy Metanor Resources Inc., recently 23.5 cents. Mr. Taylor said buy five times from Feb. 12, 2008, to Jan. 17, 2011, at prices ranging from 42 cents to $1. He then said sell on Feb. 14, 2011, at 31 cents. Assuming a $1,000 investment for each buy, selling the $5,000 position at 31 cents yielded a loss of $2,242. Mr. Taylor said buy again on Oct. 17, 2011, at 36 cents. A $1,000 investment at 36 cents is now worth $652. Metanor has begun a 5,000-tonne bulk-sampling program at its Bachelor Lake gold project in Desmaraisville, Que. It expects to release a feasibility study for the project in the second quarter. Mr. Taylor says Metanor could start production at Bachelor Lake by year-end. He says Bachelor Lake has great potential, and so does another Metanor gold project, the Barry open pit, 65 kilometres southeast of Bachelor Lake. The editor notes Metanor has money now; it has completed a $499,999 private placement with Natcan Investment. Also, Sandstorm Gold is providing $20-million to Metanor for developing the Bachelor Lake mine, in exchange for 20 per cent of future gold production, which it will buy at $500 an ounce.