Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Metanor Resources MEAOD

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

Comment by hardasseton Apr 04, 2016 6:32pm
175 Views
Post# 24729881

RE:consolidation

RE:consolidation
Sprott would not have increased his holdings if he didn't think MTO is undervalued. He is a major shareholder on his way to becoming a dominant shareholder. Management will listen to him. Chances of further dilution have diminished.

It is difficult to say how important the drill results at Moroy will be. It depends on how good the results are. Every gram adds value to the resource. A lot of people on this board are looking for spectacular results. We will see.

Personally, I think Moroy is only one piece of the puzzle. If the results are good that means lots more ore for the mill, maybe enough to justify increasing the capacity. Four sources of ore (Bachelor, Hewfran, Moroy, and Barry) are better than one. Very little is said about Barry but it could be the biggest resource of all. MTO has the only mill for miles around which opens lots of revenue avenues. Sprott buying could be the last piece that makes the picture clear.

<< Previous
Bullboard Posts
Next >>