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Metanor Resources MEAOD

Metals & Mining Gold Industrial Metals & Minerals
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

Metanor Resources
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Comment by JRaffleson Mar 06, 2013 12:34pm
148 Views
Post# 21087873

RE: RE: LET'SDO SOME UPDATED MATH

RE: RE: LET'SDO SOME UPDATED MATH

3 months at 3000 oz = 9000 oz x 0.8 (SSL obligation) = 7200 oz

Using February as a typical month is misleading - as it is only 28 days

3000 x 31/28 = 3321 ounces for a 31 day month at the same production rate as February.

321 ounces ~ $0.5m + in 31 day months

 

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