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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 ChateauxManmonon Oct 24, 2016 2:00am
101 Views
Post# 25376935

RE:RE:RE:Ya, what counts is what I like about MTO; to 10 cents soon

RE:RE:RE:Ya, what counts is what I like about MTO; to 10 cents soonAttacking the person instead of the arguments/content is usually a sign the persons argument/content is correct -- thank you.

I reiterate:


The market cap, now between 30M - 35M, is rediculously low considering the Company has a 100%-owned mill in a gold rich area. The Company has made no secret it will be mining Barry in 2017 with a high-margin open pit that will see nothing going to Sandstorm, so being fixated about ounces produced from underground means little here... What people fail to recognize is MTO, once ready to transition to Barry, can suspend development of stopes at Bachelor and still take the gold, this will drive cash flow positive up up up as it moves to Barry. In the interim MTO will chug along cash flow positive at Bachelor and advancing Barry to fruition. The cash flow from a simple operation at Barry will be large and all underground can be put to rest for leverage or another day. In short Metanor is just entering its non-hamstringed days -- watch it glow.

Here is copy from recent mining journal article https://miningmarketwatch.net/mto.htm that nails the op at Barry:

/miningmarketwatch.net/images/mtomilmil.jpg" style="box-sizing: border-box; outline: 0px; border: 0px; vertical-align: middle;">

Urban/Barry mining camp undergoing consolidation, Metanor holds key assets:

On 

image: https://miningmarketwatch.net/images/mtobarryloc2016.jpg


Significant cash flow without high development costs at Barry open pit:

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