Metanor Resources MEAOD

PEA vs. PEA 2 Companies 1 District Play...

[u2bob]

1,767.38 +5.54  ... below you have Osk Windfall PEA vs. MTO Barry PEA ...

Non producer OSK with cash trading at $3.22 share ...vs...

Producer MTO with Permitted Open Pit .085cents share ...sounds like David vs.Goliath...lol

Question being.... Goliath (OSK) WANTS DISTRICT PLAY...David (MTO) WANTS TO SURVIVE ...

OSK ...Parameters of the Preliminary Economic Assessment



 

MTO PEA...

Technical Summary
Mine life (LOM)	9 years
Pit resources	3.612Mt
Average diluted grade gold	1.75 g/t
Uncovering rate (sterile ration: ore)	2.17:1
Tonnage treated per year	420,000t
Average annual production sold	21,495 oz
Gold produced and sold total	193,457 oz
Main Capital cost	CAD
Overburden stripping	0
Processing plant	$1.1 M
Road repairs (40 km)	$2 M
Mine, Drilling, Feasibility	$2.85 M
Tailings	$0.55 M
Infrastructure	$2 M
Total starting capital cost	$8.5 M
Operation cost (per ton processed)	CAD
Mining cost	$27.28/t
Processing cost	$19.90/t
Exploration (resources renewal)	$2.01/t
Accommodation & employee transportation	$1.88/t
Increasing of the tailings pond capacity	$0.15/t
Administrative fees	$6,76/t
Financial results before taxes with a price of gold at 1,560 / oz (CAD)
NPV at 6%	$53.50M
IRR	198%
Cost for the production of one ounce	$1114/oz
Capital reimbursement period	0.58 yr
Available Cash Flow	$61.15 M
Financial results after taxes with a price of gold at 1,560 / oz (CAD)
NPV at 6%	$25.9M
IRR	94%
Capital reimbursement period	0.71 yr
Available Cash flow	$30.95M

The financial analysis using a price of gold of CAD$1,710, representing a 10% increase from the $1,560 used in the PEA would generate a NPV of $78.07 million with an IRR of 246% before taxe

So once drill results come in from Barry showing that there is gold trend running through out the property...and possible second open pit ...the question becomes not who`s PEA is better but which one is most likely too start producing gold first like an ATM Machine spitting out cash !

Earnings shoiuld start the stock moving up ...but the real driver will be how much more gold is at Barry and if its shallow look out ...because size does mattter !!!! When it comes to open pit mining just ask OSK...they will not want to have to wait 5 years to pour there first gold from the Barry area ...MTO GIVEN THAT KIND OF HEAD START WITH OPEN PIT ALREADY IN PLACE WITH MILL ... CAN NOW USE THE SAME PHRASE AS OSK..." THIS WILL BE A COMPANY MAKER "... I'M NOT SELLING AT 9 CENTS !!!

Later...
Bob


 

[PMInvestor08]

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[BASTILLEDAY4U]

Trucking the ore to the Bachelor Mill is a waste of money. Oban may not even have considered the idea because it simply makes no sense. Take the money to buy Metanor and build a world class mill in your own backyard. Getting a permit should be no problem.

[fruitvale3067]

Bob, thanks for posting both PEA's, now let's look at a few of the key items and compare.  Mine Life =                          Osisko 7.8 years        MTO = 9 years Total LOM Producton =       Osisko 828,000 oz     MTO = 193,457 oz Total LOM Annual Production =  Osisko

[pdcon1]

dont forget to put in mill costs that could equate to 500 million plus , money needed before production in lets say a five year timeframe and must obtain permits. who knows where gold price will be in five years .  meanwhile mto is producing today and plans to run barry next year , . thats like comparing a pipe dream to mto a reality mine .   t

[pdcon1]

your also investing in a 14 dollar stock with osisko  compared to a 9 cent stock in mto with mining today making money. and a huge tax credit .

[fruitvale3067]

Pdcon, you said it not me. If MTO produces 35,000 ounces last year, based on this PEA MTO will annually produce 14,000 fewer ounces from Barry. That's pathetic and it certainely isn't growth.

[pdcon1]

mto is stepping in the right direction with barry  you could buy osisko today at 14 dollars and by the time they dilute to build a mine might be worth 5 dollars or less like rmx  depending on golds price . 5 years is a long time to wait , a lot of investors may not be here by then. At least with mto you can accumulate at 9 cents and with growth and production you have a double or

[longshot52]

paidcon1 wrote: you could buy osisko today at 14 dollars and by the time they dilute to build a mine might be worth 5 dollars or less like rmx  depending on golds price . 5 years is a long time to wait , a lot of investors may not be here by then. At least with mto you can accumulate at 9 cents and with growth and production you have a double or triple soon , not 5 years . will gladly

[u2bob]

"Why buy MTO at 9 cents when you can buy it now for 7.5 cents" Now that's funny when all they do is cross shares from TD to TD ...lol ...and throw in anonymous. ..lol...say what you want MM are controlling the price here ....imho...God luck ...later... Bob

[tsoprano1]

Bob, that is ridiculous. To what end would MMs want to control a tiny little company like this. If a company wanted to buy us out, there are millions of shares available. MMs don't control stocks other than buying and selling according to orders put in. Their motto is "if you're long, you're wrong". So they are not accumulating because of some future buyout. If someone was

[u2bob]

Hi T... believe what you want....to what end you ask ...well lets see Sprott has taken a bigger position in MTO in Mar. this year ...as well as BTR around the same ...and OSK has also bought into BTR...They have Windfall ...then they bought the Souart property around the same time as the above ...We know Souart property connects 15 km Strike right from Windfall through our Barry property...then

[mstettler]

Why do you people keep saying 500 million for a mill?  Where did this number come from?   This has also been covered many, many times.