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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 u2bobon Aug 11, 2016 2:00pm
123 Views
Post# 25131825

RE:RE:Benefits of a new Barry mill

RE:RE:Benefits of a new Barry mill
LiTeOn1981 wrote: Buy Bonterra and it makes even more sense, but that costs money? This is why in the meantime trucking Barry ore using conpanies makes sense if a nice 500$ per ounce profit can be made. In combination with processing Bachelor, Hewfran and possibly Moroy ore at the mill this means considerable reduced all in sustainable cash cost even below 900$ Canadian. 

Investors will be paying a lot of attention to Metanor as there plans slowly unfolds. Can be lots of sucess or not. We shall see soon. First cue is last Q profit, need to have money accumulating in the bank!

[/quote

Lite I agree 100 % control the head grade of ore being processed at the mill and then you can keep costs down...and profits up...all the while you can be stockpiling Barry ore at the mill when running higer grade ore at Hewfran Bachelor and Moroy and blending the ore for profits...takes time to get there...and with that like you say eyes will be on MTO...and with gold prices up so will be M&A activity on producers...imho

Good luck
Bob
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