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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 Aug 11, 2016 12:29pm
117 Views
Post# 25131311

RE:Osisko Mining and Barkerville Gold

RE:Osisko Mining and Barkerville GoldWhat else is interesting is that gold standard ventures has doubled it's share price since monday based on the last intercept returning 126m at 3.95 g/t from 165m below surface.  It's a great intercept but it really shows how irrational these markets are.

Last year TMM twinned a previous hole on anna paula with the same result; 200m at 8.33 g/t right from surface.  That is just an eye popping intercept.  

Dark star has so far has indicated and inferred 1.7M oz grading ~ .57 g/t using a 0.2 g/t cutoff.  At a cutoff of 1 g/t this falls to 240K oz at an average of ~ 1.3 g/t.  Most of these are inferred oz. so only a portion will get upgraded to indicated.  They have nothing in the measured category yet.  It is on the carlin trend.  

Anna paula has M&I 1.86M oz at an average grade of 1.4 g/t, mostly in the measured category.  It is on the guerrero.  Anna paula already has the pea done and currently completing a full fesibility study.

Gold standard has a 700M market cap today (more than some mid tiers)!  

Timmins is 230M.  Oh, and also has a producing mine with another million oz.

All this is to say that the market is very distorted right now and people get completley irrational based on news flow.
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