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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 > Better Options this year for MTO...
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Post by u2bob on Nov 06, 2016 11:41am

Better Options this year for MTO...

Hi Lite ...if  the company averages around 5.5 grams per ton and mills  234,000 tons per year 96 % recovery rate they will produce around 40,000 ounces ....that works out to an average of 641 tons a day approx...over the year...

Now Barry they are sayying will be 2.61 grams per ton with a 95% recovery rate over the first 3 years...strip ratio of 2.17 to 1...

Question becomes with softer ore how much capacity at the mil ...and if you add a concentrator down the road ...how much could they produce ... I think the real question is will they be around after the drilling and updated 43-101...or taken out by a bigger producer...

Without getting too far ahead of ourselfs the big Question is where is the price of gold going...and I think most here believe up ...and what about SSL ...still lots of questions to be answered ...but for now the 2 big ones are open pit mine life and high grade Moss ...so as long as gold is up there is big money up for grabs in E/V ounces in the ground...

Hey Lite one thing is for sure there is a lot more options this year than we had last year...and all for 8 cents Canadian...good luck...

Later
Bob
Comment by fruitvale3067 on Nov 06, 2016 12:41pm
OK Bob les take these one at a time: Really? All these options and they are going to produce less this year than last. 
Comment by pdcon1 on Nov 06, 2016 3:24pm
does it really matter if mto produces  70,000  or  40,000  oz gold , the important thing here is they get barry  producing  next year  and start up costs will not cost that much to be concerned about . mto will make money from here  until  barry is producing with gold  1300  dollars.. as far  as transporting the ore two trucks with ...more  
Comment by fruitvale3067 on Nov 06, 2016 4:51pm
Pdcon, there have been some really interesting statements made by posters on this board. This one now moves to #2 on the list right behind #1 that compared MTO to Apple.  What really makes this funny is they aren't even going to get to the 40,000 ounces this year.
Comment by pdcon1 on Nov 06, 2016 5:33pm
fruit are a master arm chair geologist or just a gold mining consultant sounds like you know it all and have nothing invested in mto  just a lot of wasted time on your hands or just cant fathem mto turning it around and being successful .  gold is going higher now and so will profits for all gold miners .
Comment by fruitvale3067 on Nov 06, 2016 6:20pm
Pdcon, I am no master arm chair geologist, but I have worked on many drilling sites with many certified geologist. I deal with the heath physics aspects of Uranium mining, milling and remediation. I am currently on a job doing just that overseeing some drilling for uranium contamination in soil. Yes we have a certified geologist on site analyzing and logging all the cores as they come out of the ...more  
Comment by mstettler on Nov 07, 2016 12:52am
Fruitvale, you are correct but you are wasting your time. It doesn't matter how the facts are presented - as pdcon said you can lead a horse to water but you cannot make him drink. Time will tell.  
Comment by mstettler on Nov 07, 2016 12:56am
Ridiculous.
Comment by fruitvale3067 on Nov 07, 2016 5:46am
Mstetler, I didn't even know how to address pdcons statement, but thanks "Ridiculous" pretty much covers it.
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