Metanor Resources MEAOD

Market Equities Reseach - MTO 12 Month Target Price C$1.35

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Highlights from Market Equities Research Group report - Metanor Resources

TSX Venture – MTO: C$0.38 – 12 Month Target: C$1.35
 

Metanor's infrastructure is valued between CDN$150M - $200M, is fully paid, fully permitted, fully functional with proven production capabilities

The Barry deposit appears to hold achievable potential to take Metanor to mid-tier producer status within 2.5 years via the construction of an onsite concentrator

At an assumed $1271 average Au price, the PreFeasibility Study calculated an 85% IRR and a NPV(5%) of $76.3 million.

What this really tells us is that (using $1,500/oz Gold) for every 100,000 oz that are added to the production schedule, we might expect pretax cash flow to total some $80 million, or about $50 million after tax (With gold expected to breach $2,000/oz gold Metanor is poised to make astounding free cash).

The Barry deposit is wide open for large resource growth expansion and the Barry deposit appears to hold achievable potential to take Metanor to mid-tier producer status. SGS Geostat issued a NI 43-101 resource estimate report identifying the Barry Deposit as comparable in potential to rival other major gold deposits such as Osisko's Malartic and Detour Gold's Detour Deposit

The report came out on September 1, 2011 MTO was at $0.38 spiked at $0.43 within two weeks and declined year after year as the hype generated by the report and the estimates from the Pre Feasibilty Study failed to deliver.

Now a new PEA has come out a few weeks ago with more of the same hype.

You can find the lengthy, reambling research report here:
https://www.sectornewswire.com/report0911mto.pdf