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Bullboard - Stock Discussion Forum Metanor Resources MEAOD

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 > Mr. Sett!er.... where ? Plus - another superb idea !
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Post by Wangotango67 on Aug 31, 2016 3:21pm

Mr. Sett!er.... where ? Plus - another superb idea !

If shareholders knew if the 2029 ounces of gold dore-bars were free and clear of all vises, and wholly in Metanors ownership, then... $1700 spot price x 2029 ounces ?

Again, no one as of yet... Has chimed in with that answer - to know for certain what the story is with the 2029 ounces in dore-bars. 

Secondly, I've been researching the aspect of, new management changes... The debenture extensions, and the option to pay out at any time. And the value of why they drilled on Moray, and not place entire funds and focus on strictly the pit. 

The pit, in my opinion is far easier gold to mine, they were mining it, the metrics are favorable now, the potential to spark it up is in my opinion a no brainer, so why the fiddling around with PEA - speaking on the premise of....they were mining it before...

They have debentures coming due, and the heart of the matter is, they just paid off the loans and in my opinion,all the debentures should be the main. Focus.

If they mined the pit before, and closed it because of the metrics were not fsvorable basec on gold prices, but are now favorable,,,,then what the heck are thry waiti g for?

Mine the pit, get the preassurd off, pay the debenturs off...

Suppose they come in with miraculous numbers -  $650 top end -  -  to mine the pit....

Transfer temporarily the sans storm stream - apply it to the pit. 
A transferring is brilliant. Only temporarily. 1 year term. 
$500 percounce. 

New all in ?
$1150

Suppose spot gold averages,  $1650cdn  over the next 12 months when debentures come due.
$1650 - $1150 = $500 profit x ( Barry gold ounce ) 


They'd need to process 2000 tons\day @ 2 grams consistently... 
4000 divide by 31 = 129 ounces 

129 x $500 = $64,500 x 30 days...= $1,935,000.00\cdn

Mine 11 months,  ( 1 month go set new operation up )

$1,935,000.00 x 11 = $21,285,000.00 CDN

Pay debentures off = $9,000,000.00

$12,285,000.00 clear.

The temp contract with sand storm concludes...
The bachelor resumes... 

Metanor has enough captial to invest towards to Barry Pit. 

Loans cleared, debentures cleared... Cash banked. 

Wango~
Comment by mstettler on Sep 01, 2016 10:11am
Mr. Wango,  Management has been less than transparent so I don't know if more detailed information about gold in inventory can be found.  It occured to me that I do not recall seing any gold dore recorded in the most recent financials.  I went to the website to double check and... what the?  The most recent quarterly financial statements are Mar, 2015? Where did the ...more  
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