Metanor Resources MEAOD

RE:RE:there will be no takeover of MTO

[mstettler]

There isn't really any way to accurately know what the gold in the ground is actually worth without a feasibility study.

2P has a much greater value than M&I, which in turn has a greater value than inferred.

The mill only has value if you can use it to process gold.  If it were sold today it might be worth 10 million as it has to be disassembled and moved, then reassembled.  That is what a similar mill and plant was sold for by goldcorp recently. 

You have to add MTO's long term debt into the equation, plus the AISC inclusive of the streaming arrangement.  This alone is why nobody has come knocking at this time.

Once the new technical report is released, and especially if they continue to expand resources along strike with new drilling, you may see more interest in the company for Barry.  

Either you use a concentrator on site and use the bachelor mill or you build a new mill on site.  That decision would be made after a feasibility study.  

If barry were large enough to justify it's own plant then probably you would see MTO taken over and the bachelor assets, liabilities and streaming arrangement spun off into a new company.  Barry would remain with the aquiring company.