OTCPK:MEAOD - Post by User
Comment by
MAZZMEXon Feb 26, 2016 7:03pm
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Post# 24600556
RE:Metanor loses $3.76-million in Q2 fiscal 2016
RE:Metanor loses $3.76-million in Q2 fiscal 2016They are still operating at only around 600Tpd (54000/90)(QUEBEC Metanor Resources of Val dOr, QC, has completed the expansion of its Bachelor Lake gold mill near Desmaraisville to 1,200 t/d. That is a 50% rise in capacity from the former 800 t/d rate)................... All in sustained cost at $1743can/OZ.... Only $2mil cash on hand and getting ready for a 60k metres drill program? Also don't forget those 65 million shares that becomes free trading in the next couple weeks...Mazz..