Metanor Resources MEAOD

RE:RE:RE:RE:RE:RE:RE:Fruit - remember this post

[fruitvale3067]

Stupid, what's happening at Urban Barry is still a couple years off before any appreciable ore is processed (For a consistent profit). Listen, You maybe right eventually but it's going to take some more time. Management said to expect a temporary rise in ore processing what the addition of Moroy. They reached the Moroy Vein in May. but it looks like production was off for the quarter. Maybe things will increase for the current quarter. Things always take longer then expected. I get it, it's mining. Unfortunatly as I sad before the further they move away from the main lift the more it costs to mine and transport the ore. Then you have the logistical problems of water and ventilation in those more remote areas. You are not looking at a consistently profitable operation for some time. You will eventually get more ore but costs are rising and the POG is currently falling. You can argue all you want but those are the facts. If it wasn't they wouldn't have had to take out a loan. Regardless of what you think of my strategy, I was correct by selling and diversifying two years ago.