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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 mstettleron Jun 26, 2016 3:18pm
88 Views
Post# 24999629

RE:RE:MTO is it's worst enemy.

RE:RE:MTO is it's worst enemy.Barry isn't worth that much at this time as the vast majority of oz are in the least confidence category.  Usually there is a conversion of only half of inferred oz into higher confidence categories.  It requires more drilling and engineering studies to assign value.

Moroy is far too early to even discuss a value.

I would be very surprised if the mill sold for 20M.  Goldcorp recently sold a 6000 TPD mill and equipment to TMM for ~10M.  Which I am am keeping a very close eye on.  

From the updated Anna Paula PEA using base case USD 1200 gold:

 All-in sustaining costs ("AISC") of $507/oz gold, $479/oz gold Net of By-Product credits (updated) 
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