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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 > Coverage MTO - new Mining Journal Review circulating this PM
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Comment by JRaffleson Jan 25, 2016 6:28am
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Post# 24489652

RE:RE:RE:RE:RE:RE:RE:RE:Coverage MTO - new Mining Journal Review circulating this PM

RE:RE:RE:RE:RE:RE:RE:RE:Coverage MTO - new Mining Journal Review circulating this PMSource Mining MarketWatch
All-In cost of $1,451 per ounce sold in Q4 (US$1,117/oz at an exchange rate of US$0.77/CA$1.00)

With a current POG of C$1567, all mining costs should be sustained without recourse to PP's.  That includes drilling to sustain replacement of ore mined.

Management have demonstrated that their track record makes it almost impossible for them to raise economic finance for future expansion.

Therefore,the best outcome for current shareholders seems to be to aim for a NI 43-101, including the South Zone, then sell out to an operator with financial resources.
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