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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 BASTILLEDAY4Uon Jun 22, 2018 10:06am
114 Views
Post# 28212114

RE:MTO AISC Calculation

RE:MTO AISC CalculationMy calculations were a bit different, my first method I used using operations cost ÷ 6,654 gold ounces.

operations cost $ 8,220,620 ÷ 6,654 gold ounces = $ 1235.44034.

I then realized this number was closer to the cash costs.

So I then added other expenses $ 6,617,123 to operating costs.

operations cost $ 8,220,620 + other expenses $ 6,617,123 = $ 14,837,743

$ 14,837,743 ÷ 6,654 gold ounces = $ 2,229.89826 all-in-costs

They told us on page 6 of the mda, tonnage was lower by 29%, more to this story than we are hearing. Bonterra shareholders need to ask why their money was dumped into this.
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