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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 pdcon1on Oct 31, 2015 9:39am
109 Views
Post# 24246443

RE:RE:RE:NEWS- Metanor Increases Drill Program for South Zone

RE:RE:RE:NEWS- Metanor Increases Drill Program for South Zonejust a few misguided statements  , the mill is not worth zero  its generating a lot of cash and to replace it  probably 10 times the 56 million . New Gold just spend 850 million on a mill in RainyRriver  Further more MTO doesnt have a pay back time or has to recoup hundreds of millions of dollars , the mill is paid for . Any new development of future gold mines without a mill must calculate a lot higher grades and tonnage to make it feasible to mine . With mto thats all taken care of and the share price based on that alone should be 15 cents.   


MTO was never sold for  4 million for 1 third of the company they just found a large investor. that is hard to come by today , my theory is if the deal falls through then look at 3 cents unless gold takes off.
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