OTCPK:MEAOD - Post by User
Post by
u2bobon Jul 06, 2016 10:58am
131 Views
Post# 25027285
Wow ... Really !
Wow ... Really !
So if the CEO was excited at $1700 Cad...what will he be like at $1800 + and yet we trade at below 9 cents Canadian for a producer WTF !...Anonymous trading needs to go !!!
Ghislain Morin, President and Chief Executive Officer of Metanor stated: "We feel that the metrics are optimal for a restart of operations at the Barry Pit. Our surface infrastructure is still operational, and the mining permit is still active. Combining this with the current low fuel prices and a gold value of $1,700 per ounce in Canadian dollars, we see restarting as an attractive option for the Company at this time."
So with numbers like this below its time to CHERRY PICK THE PIT...Build a war chest !
Looks like 10 year mine life at 35,000 ounces a year to me...
total in-pit resources of 347,350 ounces at 2.07 g/t ready for the taking.
Ghislain Morin president and chief executive officer, declared: "This updated resource, namely with the in-pit resources, is a game changer for Metanor as it now demonstrates the important value of Barry for our company. We will immediately take all required steps to increase its value by bringing the mineralized material to our Bachelor mill and increasing capacity. With such positive numbers, Metanor is moving forward with the development of Barry with production targets of 30,000 to 35,000 ounces of gold per year in a near future.".
No matter what happens going forward we will have a target on our back now ....which I have believed for a long time ...just now it will be bigger with gold climbing and us drilling...we need to extract the most value out of this before we are taken out ...imho...Oh ! and those who still don't believe this stock is not being held back...well all I can say is .....
Good Luck
Bob