Metanor Resources MEAOD

RE:RE:They have to sell

[btrevorb]

50% dillution in stock during that same timeframe for one.

You must remember that MTO does not surprise to the upside and gives no notice for downside surprises.  It's always a surprise that they are producing less than projected, that's just bad management and non transparent way to run a business.
You can expect they will continue to surprise to the DOWNSIDE thus returning less and less until flat becomes negative.  I would expect that they are negative already at only 2/3 of their projected as that is an operating cost multiplier per ounce of 3/2.  It's not rocket science, it's math.

900 x 3/2 = $1350 which is Negative cash flow.

Now with 300 000 000 shares outstanding it's going to take more to profit per share not less.
Profit per share in the last five years has decreased 300/85 or 3.5 times higher to get same return for profit.  That means MTO would need to mine 175 000 000 to be equivalent to 50 000 000 before the accident and all this dillution.

The equation has changed so dramatically from when this was a $1.00 stock to today that it cannot even be considered anything but a statistical write off.
 

If you buy in today at 0.075 you could see upside but again unless they start producing positive cash flow it will just continue to be dilluted so that even this price will become 0.0075

Just an opinion but one that carries some weight based on past performance.