Metanor Resources MEAOD

Open Pit Barry...

[u2bob]

I would be interested in knowing what 5.4 g/t over 9 meters from open pit would bring in at

$1,662.36 +25.37 Cad.

Need more good drill results from Barry...
 

[rodster55]

Agreed. These are awesome drill results and just a resent hypothesis that these results are from flat lying ore bodies instead of more vertical as previous reported by these clowns is a game changer. Market price says they don't believe the clowns. Drilling is underway so we should know soon. Please Osisko whack these clowns soon !!!

[mstettler]

I absolutely agree. Funny that nobody is talking about moroy anymore.

[rodster55]

Barry will be onstream before Moroy but I am waiting for results on three mine fronts as is everyone else ? What would happen with a good management team and capital to expand ? We should find out really soon !

[u2bob]

Is that where Sprott comes into play? ...or just an investor?

[rodster55]

How can you blend ore from two mine sites when one property has a bad streaming agreement on the ore processed ? Is the gold a different colour from Barry ?

[mstettler]

Companies with streaming agreements do this all the time.

[u2bob]

They have found good shallow grade ore ...MTO nreeds to keep drills turning and adding ounces we are valued at ZERO for ounces in the ground ...so with $1,670.26 +33.27 Its time to start adding value for shareholders and drilling ounces ...even if someone else ends up producing those ounces we need to get shareholder value up !

[mstettler]

Yes, I know. While everyone was still jerking off to the moroy results I wasn't impressed with what I was seeing. At that time I said that maybe they would be better off drilling Barry.  That was a while ago.   Barry is the main reason I like MTO.  I beleive it holds larger potential.

[u2bob]

I have been saying the same thing for a long time ...and all I would hear is what you going to stop working Bachelor and Hewfran and go to Barry ...well as it has turned out so far we are working all the fronts ...and not through the easiest of times mind you... Now again you will here spin on how this Q numbers are this or that ...but we have been told that we would not be in the Hewfran section

[mstettler]

I first invested in MTO at the time they poured thier first gold. At the time, management was saying they were on track to produce 50K oz/annum steady state.  We all know that has been a fairy tale. What most interested me was barry, actually the SGS report on barry specifically. Open along strike and at depth.  Potential strike approx 10km.  Multiple IP anomolies.  

[u2bob]

Biggest thing about Barry is open pit $1670 Cad...has to be a cash cow at the price... then the bonus of cherry picking the high grade ore...and another factor no streaming agreement and last but not least ...from 80 % recovery rates to 97 %...when you add up all these things it looks real sweet ! Oh and what about about more tonnage of softer ore 1200 a day to process...with all this comes large

[mstettler]

They could have a concentrator on site to make it economical to process ore at the bachelor mill.  A concentrator and mill expansion to 1500 or 1800 TPD would go a long way. I think a better strategy might be to cherry pick high grade ore and use the proceeds to fund more drilling.  If they had a realistic chance of proving up a 3+ million oz reserve at barry with a high IRR then they

[u2bob]

mstettler...good post....open pits sure can grow quick  once cash flows everything else can expand quickly...like equipment ...concentrator etc...Osisko sure had a nice pit...