OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Jul 26, 2016 10:39pm
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Post# 25087147
RE:The world is coming to Mto
RE:The world is coming to MtoLats take a look at a few comments in this pice by frederic williams.
1)
- The Company states it is aiming “to open the access to more than 4 sources of ore to feed the Bachelor mill”, and is aiming for “mill throughput of between 1,500 and 2,000 TPD”. We expect higher-grade (between 6 g/T - 9 g/T) gold Hewfran sourced ore to come online this Summer-2016, plus there is potential production in 2017+ from a new 347,000 oz Au In-Pit resource at the Barry deposit (~116 km by road from mill) under an improved higher-grade (2+ g/T) model.
Yes, true satatement, however what Mr, Williams doesn't say is how much ore is left at Bachelore and Hewfran. Notice he had not problem mentioning Barry numbers but conviently left out the remaining ore estimates for Hewfran and Bachelor lake. Then we have the "Potential Production" from Barry. "Potential Production" are some of those words I tell people to look out fort. Potential production means it could just as easily not happen. So after he make the comments about Potential production he then goes into the benefits of Barry. A major cost to Barry is maintaining a 120 KM road to handle large tonage haul trucks. I don't know if this is a dirt or paved road, However dirt will degrade faster and will require more repair. If a paved road maintenance will be less but costlier when repaires are needed.
2) This latest gold bull run has seen smart money investors such as Eric Sprott (who recently increased his personal equity position in MTO to ~10% of shares outstanding, last purchasing shares on the open market near the current trading price and higher) accumulate shares of MTO, they understand that Metanor Resources offers potential for exceptional upside share price revaluation as a junior gold producer and explorer, our analysis concurs.
Ok, other than Sprott what other smart money investors have invested major $$$ in MTO in the last 6 months? In the legal notice and disclaimer Mr. Williams does not own shares of MTO>
3) Catalyst Rich gold producer Metanor Resources poised for upside revaluation.
I asked this question a couple weeks ago and never got an answer. Can someone tell me what exactly does Catalyst Rich Gold Producer mean?
FInally the word POTENTIAL is used 14 times in this article. Thats a lot of guessing don't you think?