Metanor Resources MEAOD

gold correction is over stay tuned

[pdcon1]

1400 dollar gold next    and  12 cents   mto  on the horizon  barry set to go in production .

[mstettler]

Bold statement.  

[mstettler]

'1400 dollar gold next    and  12 cents   mto  on the horizon  barry set to go in production .' The historical odds of this are very, very slim.  We are likely going lower before we move up to those levels. BTFD.

[u2bob]

Good thing our mine is in Canada and I still see plenty of room for a drop in the Canadian dollar...and open pit well at these price you cant help but want to be motivated to get away from the SSL stream for awhile ...$1,645.94 +12.68

[mstettler]

MTO's share price will improve when the price of gold improves.  Production coming from barry will help a great deal but that is not going to happen tommorow, or even next month. In the mean time be prepared for the likelyhood of further share price weakness.  Unless they come up with a game changer then that is all there is.

[LiTeOn1981]

This post has been removed in accordance with Community Policy

[u2bob]

Hey Lite I believe that is the problem...when you have only one shaft mining ..so you are limited by the grade we are going through...so yes a second front can only work with higher gold price like for Barry ...and that changes everything if you can mine two sites...not held down by streaming agrement or blend if the grade is lower until improves and or switch when the price is good to100 % Barry

[Highwired7]

Lite, I still don't understand how their AISC is $1700, where is all that money going, are they embezzling and hiding it in their AISC? A number so high is very suspicious.

[mstettler]

Replied to the wrong post.  Highwired wondered why AISC is 1700.   It's partly because bachelor 2P averages 7.54 g/t but the ore gets diluted to around ~ 5 g/t.  In addition, the ore is very hard which limits throughput from 1200 t/d down to 800 t/d.

[LiTeOn1981]

This post has been removed in accordance with Community Policy

[Highwired7]

Thanks buddy, I'll look at that.

[mstettler]

Every company applies accounting charges.  That isn't really at the heart of the matter.