positive metanor newscopied from Stockhouse Newsblast (feb21):
Metanor recently announced Gold production numbers for January holding steady above 4000 ounces, this while still processing development ore. Recent development work to open new stopes at Metanor's Bachelor mine appear to have translated into results, allowing MTO.V to have stabilized Gold production over 4,000 oz per month. The stage is now set for a cash flow positive scenario, and a push to stabilize in the higher range of a 4000 - 5000 oz per month Gold target (at 800 TPD). Managements near-term plan is to increase the mill capacity by ~50% at low capex (~$4 million) and target 6,500 - 7,500 oz Gold production per month in late 2015(contingent of obtaining additional electricity from Hydro-Quebec planned for 2015). MTO.V with ~267 million shares outstanding provides an ideal vehicle for investors seeking exposure to precious metals. Shares of MTO.V are currently trading near C$0.20 and the time to pay attention is now while MTO.V is trading at a fraction (less than 1/4) of its infrastructure (replacement) value alone, ignoring the ~1.6 million oz Gold resource in all categories (on all properties), and ignoring the large resource growth potential. Metanor is also actively advancing on a second front, it's Barry Mine deposit, that many believe has a the potential to translate to a large increase of gold ounces in the ground and a significant percentage increase in production ounces on top of the >6,500 ounces Gold production per month target expected at Bachelor sometime in 2015.