Metanor Resources MEAOD

RE:RE:RE:RE:RE:RE:RE:TRIPPLE THE MILL

[fruitvale3067]

Stupid we all know Iluv's and your origional purchases are already diluted 140%. Plus I've already got my money back and then some. Even if I would have held I would have sold it all when the stock went over a buck. It would have been at a small profit after holding close to 5 years. Either way (selling at a buck, or holding still) I have made quite a bit more money buy selling 2 years ago and investing in much better companies. 

There are still way to many issue and unknowns with this company. SSL puts a price on every stream and NSR they sign. To allow MTO to buy back both NSR's for a million or two each and reduce them to a couple percent tell me neither property is worth that much. Especially by the time MTO pays off the 12,000 ounces. 

Another thing, if MTO plans on increasing the mill capacity to 2500 tons/day that means there is a lot of Barry ore going to the mill. Which means the narrow vein mining methods mentioned here by some will not be employed at Barry because they wouldn't be able to supply that much ore using those methods. Which also means lots of dilution with lower grade ore and lots of waste removal. Which brings us right back too can they mine it for a profit. The price of gold at say $1500 US would certainly help.

One final note on Moroy. You, Happy and Iluv have been pushing the last big drill hit. Well there have been two seperate news release for Bachelor Lake Main vein this year at bascially 8g/ton at 8 meters. Yet production continues to fall and the average grade is actually 5.4 g/ton once you dilute it with lower grade surrounding material. So excuse me if I don't get to excited about the Moroy drill results. Espcially if they don't provide a cross section map so I can see the angle of the intercept. 

14 days until the next earnings report.