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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 mstettleron Oct 17, 2016 1:27pm
76 Views
Post# 25351930

RE:Plenty of fish in the sea.

RE:Plenty of fish in the sea.
mstettler wrote:

VANCOUVER, BRITISH COLUMBIA, Oct 13, 2016 (Marketwired via COMTEX) -- PEA estimates;

- positive cash flow of US$558 million over 9 years, an Internal Rate of Return (IRR) of 113% and achieve an NPV5 of US$415 million

- 400,000 tonnes per annum (108,000 Au Eq per annum) over a 9 year period with cash costs of US$547/oz AuEq and all in sustaining costs (AISC) of US$619/oz AuEq

- Treatment of 3.2 Million tonnes @ 7.1 g/t Au, 25 g/t Ag & 1.7% Cu (9.3 g/t Au Eq(i)) over the 9 years

- Initial Capital Cost of US$13.84 Million



'What company is that with such a stellar PEA?'  For most here it is MTO, only MTO, all the time.  

Am I fed up with MTO magangement?  Yes.  

Do I think barry has potential?  Yes.  

Am I in love with any stock?  Absolutely not.  Never.  

Each company is constantly evaluated and must have a compelling reason to invest in it.  These reasons will change from time to time.  I post here because MTO is a stock to approach with caution - my posts reflect that.  Those who get sucked in at the wrong time will only ride the stock up and then down again.

When I joined this board I owned shares at an average of .038.  That was before the shares made a new 52 week low and management undertook an orgy of share dilution.  Before Moroy turned out to be a bust.


Since then there has not been a compelling reason to go back in, but I continue to keep an eye on barry.
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