MTO overview as of Nov 2014 that KL is buying many shares ofThen after dilution of KL's 104 million shares and insider's 20 million or
so, and the planned consolidation of MTO at 10 to 1, will have MTO at
roughly 57 million shares and 85 cents. If eventually bought by KL would
be roughly $57 million and no consolidation of shares to KL I believe.
Though at present I am not impressed by MTO's projected gold reserves
of I believe around 1 million gold oz, between the 2 main sites of MTO,
(ie Bachelor and Barry) the report does say
"Large new discovery potential"
So I guess there is lots of potential with the MTO gold company.
From
MTO Research Report, Nov 2014
by Market Equities Research Group
https://sectornewswire.com/Report-MTO-11-2014.pdf
"Metanor Resources Inc. is a Canadian gold producer that commenced
commercial gold production on December 1, 2013 at its 100% owned flagship
Bachelor mill and mine located along the prolific Abitibi Greenstone belt
in mining-friendly Quebec. The mill currently operates at ~700 TPD yielding
>50,000 oz gold per annum. Bachelor is a rich underground mine with
grades upwards of 26 g/t gold with an average grade of 7.38 g/t gold (fully
diluted using long hole). The Bachelor mill is uniquely positioned sitting
geographically as the only mill located within 200 km in a gold rich district."
........
........
"Aside:
Other noteworthy deposits
Barry Gold Project, Quebec
Metanor’s Barry deposit as comparable in potential to rival other multi"