Metanor Resources MEAOD

PEA just a promotional tool and is not a Feasibity Study

[longshot52]

$700 Milion of investor's money was lost this past year when Rubicon Mineral built a mine based only on a PEA and not a Feasibility Study.

A Feasibility Study unlike a PEA can only be based on M&I oz and the use of Inferred Oz is prohiibited as they are just pure speculation.

Over 30% of the gold MTO expects to mine over the 9 year period is inferred.

For all the people posting tthe PEA as gospel shame on you.

[Miner81]

Rubicon was just that, acon. Guys I worked with were saying to invest in Rubicon, I said they better not, even I seen that it wouldn't work. There wasn't enough gold to justify spending that kind of money on that project. MTO has alot of gold waiting to be mined.

[PMInvestor08]

This post has been removed in accordance with Community Policy

[ilovetojumpem1]

This post has been removed in accordance with Community Policy

[mstettler]

Yes there was, according to the PEA.  That's why guys like Rob McEwen went all in.   Sadly, a PEA is just that - preliminary - and they would have discovered that the mine was uneconomic with further infill drilling under a full FS.

[mstettler]

You are 100% correct and this has been mentioned many times before.  Most people here live in peter pan land and like it that way.