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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 > VOlume
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Comment by mstettleron Mar 20, 2016 7:48pm
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Post# 24681761

RE:RE:RE:RE:RE:RE:RE:RE:RE:VOlume

RE:RE:RE:RE:RE:RE:RE:RE:RE:VOlumeThe Bachelor mine is one of those mines that is able to replace ounces as they are mined.  Everyone knows the LaRonde mine.  Not exacly a good comparison, but the mine has been operating for almost 30 years and the existing reserves were found as they mined.  Some deposits are just of the character that they can't be defined all at once.

Actually, Claude's Seebee mine is a better good example of this.  For a long time the reserves were more or less static as they mined the ore.

IF the company proves up something that is a game changer and IF they gain enough credibility then they could finance a mill expansion.  A greater mining rate and greater throughput could increase operational efficiency.  The main problem with the bachelor rock is that it is extremely hard, and this limits the throughput.
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