Metanor Resources MEAOD

RE:RE:RE:Osisko Mining and Barkerville Gold

[fruitvale3067]

There were always two options with MTO, Buyout/merger, and go it alone. I was a fan of going it alone because I believe that's where bigger money could be made. But that was with years of mining remaining at Bachelor Lake, which doesn't look like it's the case. IMHO MTO needs to prove up many more ounces at Barry or Moroy if a buyout is going to take place. If they can turn that 1 million ounces of infered into indicated well then you got something. As it is Barry is not a world class deposit, especially if you can only mine it at 30-35,000 ounces per year. The rising price of gold is going to allow MTO to continue on as a company. However a good portion of the profits made from Hewfran will need to pay off the upcoming debt, expand the mill and perform more drilling. Then your future is 30,000 to 35,000 ounces per year with no growth in site and at the mercy of the price of gold. I know many here are hoping for the buyout, well I hope you get it. Or at a minimum make some profits off the Hewfran bounce. For those of you who are long term holders you certainly deserve it.