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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 > Thank you Mr. Stettler -
View:
Post by Wangotango67 on Sep 24, 2016 7:04pm

Thank you Mr. Stettler -

The stream now mankes sense - total sense.. i get it now....
Anything mined thereafter is purely Metanors right ?


Secondly - the 21k ounces slated to be mined each year at barry.. .im sure - will change soon -  given they'll be drilling more - adding more ounces. 

My wonderment ?
Is 8000 meters sufficient ? 
Will it add enough ounces ?  
Should they be drilling 60k - 80 k  meters ?

If the Barry outter zones  are far reaching - the current  9 yr mine life could look like childs play - considering how vast of lands they have.... 

 I - Will Sand want a stream - offering Metanor a deal on - Barry Gold - revise Bach?
2 - Will Sprott want a stream - offering Metanor a deal on Barry Gold ?
3 - Will another step in ?
4 - Will they choose financing ?
5 - Can Metanor mine enough gold at Bach from now till spring summer 2017 - to pay debentures off and pack away 8.5 million for start up ?
6 - would deferring debentureds again, prove wise - taking care of it now - vs- later ?
Factor in a way period - buffer - that they know they could achieve - to pay it off?
Will they sell it - is someone actually interested ? Or pipedream... ?
7 - Ya know- that website i provided - modular mines - did have a section in FAQ's - pertaining to bankable - reserves... indicated and measured...   Would that company finance the modular mines - 2 set ups - handle 5k+ tonnage? 

Funny - right after i posted - the topic of mdular mines -someone sure got bent out of shape - jeeze - i wonder why... lol lol lol - never know what crawls from the wood wrk - when speaking about other options... wink !  

Cheers !

Thyanks again, Mr. Stetller - enjoy your insight.. its level headed. I do admire that.
Comment by longshot52 on Sep 24, 2016 9:57pm
My wonderment ? Is 8000 meters sufficient ?  Will it add enough ounces ?   Should they be drilling 60k - 80 k  meters ?   No  8,000 meters is not suffient to convert the inferred to M&I No it will not add enough ounces. Reverse circulation drilling averages around $200/metre so 8,000 metres is $1.6M give or take. 80,000 metres would be around $16M To put into ...more  
Comment by mstettler on Sep 25, 2016 12:12pm
Excellent asnwer.  Thank goodness we have some thinking people people chiming in. 
Comment by mstettler on Sep 25, 2016 12:07pm
Sorry Wango if I wasn't clear.  Anything mined from bachelor and vicinity is still subjest to the stream - 25% to SSL.  Satisfying the production requirement simply means that they could not stop mining bachelor without penalty.  Previously they would eithr have had to pay back funds or somehoew otherwise deliver oz to meet a minimum produciton threshold. My feeling on barry ...more  
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