Metanor Resources MEAOD

RE:Is it time for MTO !

[mstettler]

Bob, 

Please don't post things that you have extracted from your behind.  The windfall PEA estimates total capex at 240 million.  Most of that is mine development.  The mining rate is 1200 TPD, not the mill nameplate capacity.  It is still tiny though.

I have a hard time believing they would truck ore from windfall (at least on a long term basis) to the bachelor mill almsot 250 km away.  I am 100% certain that it is more cost effective to build a mill on site over the life of mine.

If barry is aquired it is guaranteed that they will be looking at a mill large enough to process ore from windfall, barry, and souart, central to all three.  Bachelor does not fit that equation.

In April 2015 Eagle Hill released the results of an independent Preliminary Economic Assessment for the Windfall Lake Gold Project, outlining the design for a 1,200 tpd underground mine producing 106,200 ounces of payable gold annually for 7.8 years at an average total cash cost of C$778/oz (US$480/oz).  At a base case of US$1,200/oz gold and US$0.86:C$1, the project has a pre-tax IRR of 23.6% (post-tax 17.2%) and a pre-tax NPV5% of C$241.4 million (post-tax C$135.2 million) with estimated pre-production capex of C$240.6 million.