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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 u2bobon Jan 05, 2017 1:36pm
211 Views
Post# 25671204

What's Next...

What's Next...
 This is what management was talking about the last time I called the company... that grades where going up in Dec...looking at the high lighted numbers below that seems to be the case ...also going forward the average grade should be up starting Jan...next will be how much was the company able to cut back on the all in number going forward drilling at Barry would probably been reduced with winter weather.. So going deeper open at Depth ...sounds good ... Moroy on back burner for now would work all fine... as we get closer to Barry plan... Next big thing should be Trump getting sworn in ...shouldn't take to many late night tweets from him to get gold running up again... OPERATING RESULTS Quarter ended Dec. 31, Sept. 30, June 30, March 31, Dec. 31, 2016 2016 2016 2016 2015 Tonnes milled 61,790 62,974 61,002 60,727 54,426 Feed grade (g/t)  5.1 4.3 4.5 4.9 4.6 Mill recovery rate 96.5% 96.0% 96.1% 96.3% 96.7% Ounces produced 9,764 8,399 8,502 9,114 7,774 Ounces sold  10,431  7,893 9,887 8,730 7,476 

 

For this fiscal second quarter, a higher feed grade coming from the Bachelor mine allowed a higher gold production. This grade increase is mainly caused by the beginning of the extraction of ore below level 14 in the main vein.

For those who did not buy again at 4.5 and 5 cents...and are still here bashing for entertainment...really need to get a check up from the neck up !


Fruit in disbelief about Bachelor... it's okay man keep your shirt on ...there will be even better days ahead !

Later
Bob

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