Metanor Resources MEAOD

RE:RE:Great News ...

[u2bob]

fruitvale3067 wrote: Bob, first good for MTO, However the actual length is 60-65% of the results. Second it is at level 15 again. Just like the last drill results, which is at the bottom of the lift shaft. Don't get me wrong, it's a nice find. Now if it were somewhere other than at the bottom of the lift I would get a little more excited. As I said before I believe they are just cleaning up what they can get to unless they deepen the shaft. I suspect there will be more found during the next 6-12 months but they are running out of room depth wise. All you have to do is look at a the color coded map of the bachelor lake mine.

Think of it this way. Your laying on the ground trying to clean out a hole with your hand. As your reaching to go as deep as you can at the bottom occassionally you catch a rock or two making the hole deeper. Eventually you reach a point where you can't go any deeper and it's over. That's what it looks like is happening to me. Again everything is being found is at the very bottom. My quess is as time goes by these finds become less and less because deeper right now isn't an option being discussed.  

If they find more good for them, I'll be happy with SSL taking 20% of whatever they mine and make my money that way.

By the way, nothing was said about MTO during the SSL conferance call. However one item was mentioned that did pertain to MTO and specifically the now not fully permitted Barry project. That item was how Canada had one the most difficult mine permitting system. Where up to 20+ different agencys are involved. Now, we don't know what permits expired or how many need to be re-applied for because management disappeared back into there holes after mentioning Barry is not fully permitted. That is just another reason why I sold, Increasing grades or not there are just too many issues lurking around the corner and you never get the entire story.    

Hi Fruit...Nice thing about Abitibi Greenstone Belt is it has been producing for 100 years and expect they will be for another 100 ...plenty of gold its all about costs ...so with higher gold prices and more work stations and mines you really can get a better handle on the grade of ore being processed at the mill...also you never know as the company grows the deeper you can go ! The thing is it may not be MTO that goes deeper ...only time will tell...

SSL ...is a great way to play MTO for now ! Again time will tell how this plays out ...SSL could very well be in talks with MTO we just don`t know at this time...SILENCE CAN SOMETIMES BE DEAFENING...they do afterall have buisness together...

You mentioned... `` Canada had one the most difficult mine permitting system. Where up to 20+ different agencys are involved .``

That is just one thing... of many things that makes MTO a very attractive takeover target !

So however you decide to make your money all I can say is good luck....but for myself so much has changed here over the last six months the risk reward for a producing mine... is to great for what it trades at ... in todays gold price and an ever weakening Canadian dollar... and when the PEA for Barry comes out the reward part will be obvious to all...Take care...

Bob