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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 02, 2013 1:33am
221 Views
Post# 21196151

Gold dore/recovery rate/troy oz

Gold dore/recovery rate/troy oz

"Dore bar = 85% gold.  So when 3000 oz are reported how much of that is gold?"

The news release says "Metanor produced 3017 ounces of gold"

It doesn't say "Metanor produced a 3017 ounce gold dore bar" or "Metanor produced 3017 of gold dore".

If a mine produces 50% gold and 50% silver or copper, then they wouldn't be reporting 3000 oz gold production when there was only 1500 oz gold. That doesn't make sense.

 

"oz/tonne not after the fact produced oz."

Isn't troy ounce the standard unit of measure used for precious metals? Aren't gold prices reported in troy ounces? And people just omit saying troy all the time. What reference do you  have that says miners use different ounces?

 

"cut another 3-5% depending on mill recovery"

Why would you subtract the recovery rate from the gold oz produced, isn't that already taken into account?

A mine with a low 60% recovery rate doesn't add the 40% waste rock to the gold oz produced does it?

That doesn't make sense.

 

I'm sensing more BasherT non-sense again lol.

 

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