Metanor Resources MEAOD

RE: Laugh from the past

[JRaffles]

With plans to readily upgrade the resource base from over 500,000 oz of gold to over 1,000,000 oz, with approximately 60M shares outstanding and currently trading under CDN$1/share, the present valuation of MTO.V provides exceptional opportunity for investors.
Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32189082&l=0&r=0&s=MTO&t=LIST#LGoYbudSxFQLmVAY.99

What an ingenious plan the board seems to have engineered …….

• 500k ounce resource base in 2007 @ Kitco average price per ounce of $695 = $347bn = $5.79 per share resource value for each of the 60m shareholders.  In contrast, today …..
• The 500k 2007 ounce resource base @ $1600 x 80%  = $640bn = $2.97 per share for each of the present day 269m shareholders.

The key highlights are:-

1. For a cap spend of ~ $50m the 2007 resources value has become convertible into cash from the mothballed 2007 property.
2. The 2007 resource base value has increased by $293,000,000,000 due to the increase in gold price from $695 to $1600.
3. The drilling component of the cap spend could easily increase the 2007 resource base by a factor of ~ 75%. If this were to be the situation, then …..

• 2007 shareholders are likely to have more gold value per share today and,
• 2007 shareholders now have a producing mine rather than a mothballed relic from the past.

Well done BT for highlighting this magnificent transformation.