Metanor Resources MEAOD

RE:RE:RE:Up 30 %

[mstettler]

fruitvale3067 wrote: Well I'll be, will wonders never cease. Congratulations longs. Maybe just maybe this company is coming out of the stone age and starting to get with the program. Still many issues left unanswered but better.

Agreed.  When I see the PFS on barry and a solution for the debt overhang I will become interested.  

This caught my eye:

For the Barry property, Metanor will continue the drilling within the area of the Barry open pit to increase its mineral resources, to convert inferred resources into the indicated category, and proceed with the prefeasibility study after.

In the sept. PEA press release they specifically stated:

We will be moving quickly with startup planned for the summer of 2017, following a feasibility study which will include current drilling results. "

So now they are moving to the PFS without a specific timeline and no mention of the summer 2017 startup, but at least they are drilling to convert inferred to M&I.

I said back then (and many times since) that the PEA included too many inferred oz.  This is something that cannot be done in the PFS.  Let's see what the drill results look like for resource conversion.