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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 > Plenty of fish in the sea.
View:
Post by mstettler on Oct 17, 2016 1:03pm

Plenty of fish in the sea.

VANCOUVER, BRITISH COLUMBIA, Oct 13, 2016 (Marketwired via COMTEX) -- PEA estimates;

- positive cash flow of US$558 million over 9 years, an Internal Rate of Return (IRR) of 113% and achieve an NPV5 of US$415 million

- 400,000 tonnes per annum (108,000 Au Eq per annum) over a 9 year period with cash costs of US$547/oz AuEq and all in sustaining costs (AISC) of US$619/oz AuEq

- Treatment of 3.2 Million tonnes @ 7.1 g/t Au, 25 g/t Ag & 1.7% Cu (9.3 g/t Au Eq(i)) over the 9 years

- Initial Capital Cost of US$13.84 Million

Comment by mstettler on Oct 17, 2016 1:27pm
'What company is that with such a stellar PEA?'  For most here it is MTO, only MTO, all the time.   Am I fed up with MTO magangement?  Yes.   Do I think barry has potential?  Yes.   Am I in love with any stock?  Absolutely not.  Never.   Each company is constantly evaluated and must have a compelling reason to invest in it.  These ...more  
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