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Metanor Resources MEAOD

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

Comment by fruitvale3067on May 01, 2018 10:58pm
57 Views
Post# 27967972

RE:Silly company

RE:Silly companyIluv, read my post again, carefully this time. Pay attention to the timeframe mentioned. If you like I'll run the numbers for the 6 months also. Do you think the answer is going to be significantly different?. The company has lost close to $12 million over the past 3 quarters.  

I also understand that increased drilling and reduced production lead to higher cost. AISC takes into account all the metrics of a mine/exploration company. In the end if it costs you more to do all those things then what you can sell your product for you loose money. Which has been this companies problem. I've already said I expect these numbers to get better as they open up Moroy. What I don't know is do the numbers get good enough to become profitable. Getting better but still loosing money just doesn't cut it. That's why the stock price is where it's at.
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