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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

Comment by Wolfin13on Aug 26, 2015 10:33am
73 Views
Post# 24052234

RE:RE:Imagine

RE:RE:ImagineSandstrom is a form of a derivative .... why ... Cdn gold $ is making money right now

I would wait until POG is over $1,500 USD an ounce and then the rates for borrowing would be much more favourable for MTO ... not the lender as it is today.............and better for shareholders and mining Barry would make much more sense at a much higher gold price IMHO

Thoughts on Barry......................as an example

Goldcorp took out Probe Mines which is 120 Km from their Porcupine dome mill..........and they are preparing the Probe mine site right now TODAY for trucking all of the ore to the Dome mill...............why would they do this.............because it is cheaper now to truck the ore immediately instead of building out at mine/mill etc at $500+ dollars..............trucking the ore will never cost that much IMHO. They could buy a whole fleet of say 20 double trailer trucks at about $4 million in total cost.........and they are aware that the POG will be rising to about $2000 / oz in the near future.......make money now and reduce borrowing/capital costs.......all in bet........
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