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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 > Headline: Metanor Reports its Financial Results for the Quar
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Comment by Geodan2on Oct 28, 2015 8:34pm
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Post# 24237092

RE:RE:RE:RE:RE:RE:Headline: Metanor Reports its Financial Results for the Quar

RE:RE:RE:RE:RE:RE:Headline: Metanor Reports its Financial Results for the QuarAny accountants out there?  All-In cost of $1,221 per ounce sold in Q4 (US$977/oz at an exchange rate of US$0.80/CA$1.00).   Its not just MEAOF, lots of gold companies say their AIS cost is $200 less than than gold price (right now) yet do not report profits.  

Any good explaination of that?

Cashflow wise it looks like 1.5 mill positive cashflow, removing 3.4 mill depreciation. 
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