RE:RE:RE:RE:The reason for the share price moves is...Bastilleday4u wrote: Please tell us where the $20,545,000 capital cost is going to come from. I also saw the roads involved, God forbid another truck large truck comes towards you. Not sure when the spring thaw is up there, guessing you can write off 2-4 weeks of hauling ore not to mention the down time during the winter snow storms. Would however be a nice project for the Hoffman crew or Dakota Fred.
Wait I got this,call management!!!
Well Bastille, according to management they are now looking at next winter to start Barry, a 6 month delay. Plus they still have the permit issues that needs to be resolved that management is still quiet on. If, and it's a big if they get Barry running by this time next winter. it will be 2 years since management first mentioned it.
From the Canadian Mining Journal dated February 11, 2016.
"Metanor Resources of Val d'Ore, QC is planning to reopen the Barry open pit gold mine in the Urban -Barry greenstone belt.
Chislain Morin president and CEO of Metanor said, "We feel that the metrics are optimal for a restart of operationsat the Barry pit. Our surface infrastructure is still operational,and the mining permit is still active. Combine this the current low fuel prices and gold value of $1700 per ounce in Canadian dollars we see restarting as an attractive option for the company at this time. Startup costs are believed to be low and the necessary personnel are available. Ore from the Barry pit will be processed at Metanores BachelorLake mill 65 km away."