Metanor Resources MEAOD

SSL MTO

[u2bob]

SSL has moved away from juniors ...maybe a good thing for MTO time will tell...

SSL recevied 1695 ounces from Bachelor this Q ...20 % ?

That must mean MTO produced 8475 ounces ...this Q ?

The last Q numbers are below...we should have produced at least 701 more ounces from this upcoming Q... we know it was sometime in March when we started getting into the better grade ore... plus there was 300 ounces that were not sold aprrox 1000 more ounces for sale this Q...now the question is what will the dollar numbers look like ...but it looks like production is at least heading in the right way !

• Gold sales of 7,476 ounces from gold production of 7,774 ounces.
   
• Milled 54,426 tonnes of ore at a feed grade of 4.6 g/T and a recovery of 96.7%.
   
• Total of $10,178,629 in revenues from gold sales in Q2 at an average sale price of $1,362 per ounces sold

[mstettler]

Bob,  I have emailed MTO management twice to inquire about the two previous quarters.  The average price realized for the gold sold during both of those quarters was significantly below the average spot price for gold. In Q4 they realized $1054 USD per oz while the spot price averaged around 1200 USD per oz. I have never received any response. It remains to be seen if grade improves.

[u2bob]

Just going by the ounces recevied by SSL it would look like production is up ...I  called MTO today but no answer back...if I hear anything I will ask...did you account for the 500 US an ounce on 20 % of the gold ? Later Bob

[mstettler]

No, I didn't.  I assumed that in their financials they would break out the SSL portion and report the price realized on the portion that is theirs. I just did a quick calculation and that would in fact have the average price realized on the portion not sold to SSL at around 1200 for that quarter. Thanks.

[LiTeOn1981]

This post has been removed in accordance with Community Policy

[mstettler]

Even if correct, it's still not nearly enough.  35K per year?

[mstettler]

Really?  Do the rest of you think 35K oz is good enough when management has said all along that they intend to produce 50K oz?

[LiTeOn1981]

This post has been removed in accordance with Community Policy

[fruitvale3067]

<SSL has moved away from juniors ...maybe a good thing for MTO time will tell...> Bob, yes SSL has moved away from Juniors. The good ones have already been snapped up by the big boys and those who were less fortunate have either placed the mine on care and maintenance or have went bankrupt (i.e Luna Gold and Collassus). Now if you look at SSL's NSR's they are loaded with Juniors and