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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 btrevorbon May 14, 2014 12:53pm
219 Views
Post# 22561031

RE:Interesting comment...

RE:Interesting comment...Very true words.

So what is free cash flow for MTO?

My estimate (ALL IN) is -$160 000/mo producing 4250 oz/mo.@ 1300/oz
This means they need 5200/oz just to break even and we all know that is not happening.
Their blue sky estimate has been revised down to 55 000/year therefore no free cash flow this year.

Looks like the next P.P. will not be flow thru drilling shares but sustainable cash flow.
Oh I forgot to mention it's going up up up, based on absolutely no evidence, facts, revenue or investigation.


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