OTCPK:MEAOD - Post by User
Post by
Pantieron Oct 31, 2015 4:53am
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Post# 24246304
Do I need to paint you all a picture - major time here @MTO
Do I need to paint you all a picture - major time here @MTOYes good overview for those not up to speed at https://sectornewswire.com/release103015mto.htm very accurate, things are in fact rosy.... Now is the time for MTO to be bold; something big is afoot (imo -- weeks or months away. maybe sooner?) as according to my calculations Metanor is within days of having completely satisfied the last condition of the covenant attached to the Sandstorm deal; ITS TAKEN 4 YEARS... Sandstorm was guaranteed $20 million in cash flow guarantee from goldstream on Bachelor rock (gets to buy 20% of production at $500/oz) and was guaranteed a mininmum (that minimum is about to be met and that changes everything)... Sandstorm still gets that deal, but Metanor is within days of having done $20 million to date and can unilaterally change to 100% production (or any % it wants) on ore sourced from elsewhere at its whim without consent, notice, or penalty from Sandstorm. Metanor will be doing milling to the highest bidder and it will be in Metanors interest to make its shareholders the highest bidder and strike a deal on one of those local high grade deposits that has no connection to Sandstorm -- MTO has lots to pick from as those deposits are useless on their own (orphaned otherwise). Metanor has its worst-case scenario as fairly good at Bachelor (and thus is drilling that new zone gangbusters) -- MTO is ready to sharpen things up and formulate a treasury maximization plan and literally leverage all angles -- think of the PP as insurance. Lots of good stuff in the pipeline imo. Very exciting times and MTO should appreciate in value imo.