OTCPK:MEAOD - Post by User
Comment by
mycashsgoesohnoon Aug 23, 2016 9:57am
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Post# 25167227
RE:it would be nice
RE:it would be nice Wangotango67 wrote: It would be nice to see a radius map - a pin point bachelor mine focal and center - and an outside radius with distance - plotting the moray - Barry pit - etc....
All because - I'm trying to bring clarity - for own personal understanding - of the Sandstorm agreement - and how far reaching it is .... Meaning - I've search the sandstorm website - and it only states 20% stream from bachelor mine - it doesn't say Barry pit nor moray or other mining targets within Metanors portfolio....
It would be nice if someone had the nitty gritty on this subject... Does the 20% stream only apply to the main mine - or is there a outward radius a suppose 1.5 km range - to include within this agreement ? Does it or will it ever be revised - I think I read just recently something about this and something coming due this year...maybe its the original agreement - if so - can someone confirm this... If so, I hope Metanor crunches the numbers a tad more favorable for company and shareholders...
If anyone knows more info on this... Accurate factual info...please do chime in with a post... Was there a date - a timeline for this stream? Will it expire - will it be for entire life of mine ? Is the stream negotiable after xxx amount of years ? So, many questions....
On another note , Metanor, drop some cash on your website and bring it up to speed to match the current developments in terms of making it all the more exciting... with more pictures and with much more detail...
Here's Sandstorms, website write up, on Metanor...
Bachelor Lake is a greenstone hosted gold mine located outside of Val d'Or in Quebec, Canada and is operated by Metanor Resources Inc. (TSXV:MTO). The Bachelor Lake Mine is a long hole mining operation with an operating mill and surface infrastructure, which began production in early 2013.
Terms
Sandstorm has a gold stream agreement to purchase 20% of the life of mine gold produced from Bachelor Lake at a per ounce price of US$500. Sandstorm made an upfront payment of US$20 million to acquire the stream in January 2011.
https://sandstormgold.com/mobile/streams-and-royalties/bachelor_lake/
I will wade in here.As we have Sprott and mto contact it is with one hundred percent surety I can tell you Bachelor mine is the only income stream for Sand.There are no outward radius agreements and never shall be.Those days of needing outside cash are past MTO they are now history.The new 43-101 will provide much needed clarity to the incvesting public but more exciting for the moment is the q about to be released.Its a doozy.The website is under consideration as we speak but it will be after the new Q.