Metanor Resources MEAOD

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

[LbinLoL]

The reason they didnt make profits is because of the deal with sandstorm, they do not count in the all-in cost the 500US$ 20% gold they are selling to them. But who really thought they'd made profits during that quarter !? I remember calculating meticulously if they were under during those montha and my callculations (including sandstorm deal) were pretty much even with the gold price at that time. When I saw the financial report I was happy, I was scared they'd spent much more. They had 4,4mil$ working capital. Drilling always has been around 1,5mil$ per quarter. So they just lost 435 000$ in capital. They should have around 2,5mil$. But with the loan cleared gold at 1300$can dollar is flush with AISC, instead of loss for that reported quarter. Right now the comapny is making a positive cash flow, more than they ever did... if they would mine 10 000 ounces (with same grade, at least 5,7g) at 1500Can$ for a complete quarter it would be like 15-20mil$ profits... the only thing really making MTO risky for now is the bachelor mine life... but everything else seems so perfect... must be mentaly challenged to sell this stock at this price.