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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 Margreton Apr 01, 2013 10:31pm
104 Views
Post# 21195747

RE: And now for the icing.

RE: And now for the icing.

Worthless pictures adding nothing of value again lol

You still haven't explained why $1.399M is a huge balloon. That's so small, possibly like some parts of your own body?

 

"Additions to exploration and evaluation assets" dropped to $6.29M"

"Where is that money coming from?"

Most of that was paid for by the $4.78M gold sales. Soon the gold sales will be higher than that number, as in record production this quarter.

 

"(80% production is industry standard for first 6 months of ramp up)"

You should see Nolan Watson's presentation, it's nowhere near that. All miners have delays. Scorpio gold hardly ramped up their first year, and they're still ramping up their second year. They get only 80% of the cash flow, somewhat like MTO because they have 70% ownership. And still they make a decent profit.

 

 

Bullboard Posts