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Bullboard - Stock Discussion Forum Metanor Resources MEAOD

Metals & Mining Gold Industrial Metals & Minerals
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 Discussion

Metanor Resources > there will be no takeover of MTO
View:
Post by mrmarket1 on May 22, 2016 1:16pm

there will be no takeover of MTO

-- I HOPE for the sake of present shareholders
Comment by goldminer01 on May 22, 2016 2:07pm
This post has been removed in accordance with Community Policy
Comment by fruitvale3067 on May 22, 2016 4:56pm
Personally I would not bet on this crew to get the job done operationally on their own.  Best to sell as soon as possible. Goldminer, I agree with your assessmen. I would like to see them mine their way out of the financial issues. However I don't think they are capable of doing it, so they are drilling and looking for a buyout. It makes sense, especially with Sandstorm taking them off ...more  
Comment by mstettler on May 22, 2016 5:15pm
There isn't really any way to accurately know what the gold in the ground is actually worth without a feasibility study. 2P has a much greater value than M&I, which in turn has a greater value than inferred. The mill only has value if you can use it to process gold.  If it were sold today it might be worth 10 million as it has to be disassembled and moved, then reassembled.   ...more  
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