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Metanor Resources MEAOD

Metals & Mining Gold Industrial Metals & Minerals
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

Metanor Resources > listen carefully
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Comment by fruitvale3067on Mar 09, 2018 2:31pm
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Post# 27693231

RE:RE:RE:RE:RE:RE:RE:re: listen carefully

RE:RE:RE:RE:RE:RE:RE:re: listen carefullyBrandy, up next is the quarterly report covering the reporting period from October-December 2017. Which is due anytime. During this timeframe they were still making their way to Moroy. So production wil be from the main vein and Hewfran. The two previous quarters producion was in the low to mid 7000's as far as ounces produced. I don't see any reason why that number should change for the Oct-Dec 2017 quarter. From a financials point of view the last 2 quarters were losses of 5 million and 3 million. So I also expect to see similar numbers here also. But hey you never know they could surprise. 

The quarter we are currently in January-March 2018 should be a little different in that they should be adding ore from Moroy. The big questions are how much? and with the added ounces can they turn a profit? I suspect the first quarter 2018 will show some improvement for ounces produced but I'm not so sure on turning a profit.  
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