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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 u2bobon Nov 07, 2015 12:33pm
126 Views
Post# 24269775

RE:21,798 ounces

RE:21,798 ouncesThanks SixBottle if I am to understand this deal it now looks like we have fullfilled our commitment to the 20 million pre tax dollars delivered to Sandstorm in the form of 21,798 ounces ...just doing some quick math that would have been around 26 million pre tax dollsrs using a 1200 an ounce average over the last 4 years...

Now does that mean we have to deliver another 28,202 ounce with in the 40 year time period ?

Also does this free up the mill for  MTO to maybe make some profits such contracting out  the mill source other gold ore in the area ...and cut back at Bachelor for a bit ..till the company shows shareholders which direction we are going ...I just cannot see the company burning through cash for the sake of the stream now that it looks like the company may have some breathing room till... open pit or somewhere else more profitable is found ?

During 2015, the Company fulfilled this commitment.

With the meeting and drill results coming up in short order there will be a lot of questions to be asked about direction that the company is planning on taking ....

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