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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 > Oban Mining aiming to be next Canadian mining house Read mor
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Comment by u2bobon Mar 04, 2016 11:09am
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Post# 24622150

RE:RE:Oban Mining aiming to be next Canadian mining house Read mor

RE:RE:Oban Mining aiming to be next Canadian mining house Read mor
pdcon1 wrote: mto should not rush into streaming Barry with sandstorm and wait for an offer for Barry



Hi pdcon1 with gold prices on the rise I would not stream or sell Barry ...open pit ..and high gold prices... will be like printing money ...The company needs to keep all her parts ... to help with production once you get Barry going you need to have two sources of gold... Hewfran and Barry until Moroy can come in...

Only other option is selling the works in a takeover...not parts.. !

Once we start pulling better grades and get Barry going you have the option of borrowing some cheap low interest cash from Quebec Government for expansion ...but you need more resource drilling for a proper valuation of gold in the ground....plus we are coming into spring right time to be putting a plan for Barry together...and this will also be a key driver in dealing with SSL in any revision of the streaming deal...

Later
Bob
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