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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

Post by Wangotango67on Aug 31, 2016 10:10am
121 Views
Post# 25194864

strategic move ?

strategic move ?From ending March 2016.... Let's have a look at what they pressed... Then extrapolate the in between - burn rate... And PEA cost estimation, the addition of the possibility of more gold ounces milled from Hewfran section, and perhaps include any potential extras from the debenture deal, from last year...
  • The cash of the Company totaled $1,737,854 as at March 31, 2016. 
     
  • The Company has a gold inventory of dor bars of 2,029 ounces as at March 31, 2016. 
  • Read more at https://www.stockhouse.com/news/press-releases/2016/05/30/metanor-reports-its-financial-and-operational-results-for-the-quarter-ended#8TdxO6X4TXq184zK.99

Now is that (inventory of dore gold bars ) free and clear of the stream?
Is it extra dore bars - for cushion backup?
And should an investor assume they should deduct 20% stream which renders 
1623.2 ounces x (.97%? Less purity being dore ) = 1574.5 x ( 1430 all in - 1715 spot ) 
1574.5 x 285 = $448, 732.50 ? 



They're mining about 20,000 tons a month, and well, they said higher grade will be incoming from the Hewfran... 

Question is, should we expect the same metrics for the last three months - same gold mined same ounces and same all in cost ? Or have they shaved this figure and trimmed the all in ? 

If we can use last quarter as an example and assume they have the same metrics, then given there has been no unforeseen negatives, like mill down time - then perhaps they have cash in hand like 3 months ago? 

Add to this... The odd move of delaying financials... Could negotiation be in the works this soon, given the recent drill reports - maybe outside interest wants to ?

Who knows... Seems theres always so many variables that make an investor, worry, wonder, assume,  lo

Wango~


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