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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 > Barry Numbers
View:
Post by fruitvale3067 on Jun 03, 2016 1:58pm

Barry Numbers

From January 2008 to October 2010 Metanor mined the Barry Open Pit. 43,970 ounces at 2.21 g/t plus some silver were recovered during that timeframe. Lets compare some numbers then when it was economical and now:

Date:                       Price of Gold (US)              Price of Diesel (us Gallon)
January 2008                  $860                                   $2.30
October 2010                 $1246                                  $3.07  
June 2016                      $1240                                  $2.38

Remember no SSL stream either.
Comment by Watchitgo on Jun 03, 2016 2:18pm
You need to factor in the exchange rate Fruit. Jan 2008 - $875/oz CDN, $2.34/G Oct 2010 - $1260/oz CDN, $3.10/G Jun 2016 - $1624/oz CDN, $3.12/G
Comment by fruitvale3067 on Jun 03, 2016 3:00pm
Kinda makes you wonder what they're waiting for, doesn't it. But we all know what the problem is. No cash, manpower, or equipment available to do it. 
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