Metanor Resources MEAOD

RE:RE:this stock is at its yearly LOW

[fruitvale3067]

First , congratulations, MTO has reached the Moroy vein system. As I said a couple weeks ago I expect to see production levels increase now they have reached thr Moroy veins. That does not necessarly equate to profits. That remains to be seen. Also remember the streaming deal gives 20% of the Moroy gold  to SSL -$500 per ounce. 

One thing I didn't care for in this news release was a map that usually provided a cross section of the drill holes and the places where they intercepted the veins. It would be nice to see the angles they intercepted these veins at. If they are sharp angles then they are narrower veins then reported. This is the first time I can recall they have left out this map on drill hole news releases. (it's always something with this company)

I also see the grades were uncapped which means they are not sure of the economic viability of the veins. I did find some previous Moroy drill results that were capped at 31g/ton. Which is not good. Maybe the ramps at Barry can help cut costs. 

You want to know why the stock price didn't react, See the answers above. The biggest missing piece of this puzzle is the financials and they have been ugly lately. Get them turned around on a consistant basis and the share price will follow.