RE:RE:RE:RE:RE:RE:Called the company...LiTeOn1981 wrote: exactly!
But still one is to expect what management said in the last Q report. That is: Better grade and therefore more ounces. This is what the market expects Metanor to have done during last Q.
u2bob spoke to the company and they said they have the cash to fund the 60,000 meter drill program and that I will believe it when I see the financial report from last Q. If what Metanor says is true then I am only assuming we will see a profit from operations during last Q.
Lite you mentioned $1,475 Canadian an ounce as of Dec 31st ...I would tend to be more conservative with those numbers...
I will be happy if we do not lose any money for the Q vs. the 2 million at the end of the last Q and still have money in the bank...numbers out next Friday the 26th I believe ...one thing that is for sure is we hit $1700 Canadian again today so I say Goldman... Sach that !!! ...if we stay at these levels for gold price and the next Q will be great ...and with great drill results ... I believe we will be taken out forsure before any real fair value can be added. to MTO...just part of the game when playing in the junior gold space...what we will need is a fair valuation for the gold in the ground !!!
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).
Net loss and comprehensive loss of $ 2,016,166 for the quarter.
Outlook for the coming quarters
In the coming months, the production will gradually come from the Hewfran sector. The grade and thickness is generally higher in the Hewfran sector. Therefore, the feed grade will begin to increase as the production will come from the Hewfran sector.