Metanor Resources MEAOD

Barry could be less than 8.5 Million...

[u2bob]

As the mill already exists and as the overburden of a part of the planned Barry open pit has already been removed, the initial capex is just C$8.5M, which includes a C$1.5M budget to repurchase a part of the existing royalty on the project (which could be seen as an investment cash flow rather than a capital expenditure

[BASTILLEDAY4U]

Bob, please explain how the all-in-costs Year Ended June 30th 2016 were U.S. $1,248 and on the PEA for Barry, the all-in-costs are calculated at U.S. $891. The all-in-cost have become lower yet you have the costs of trucking the ore to the mill. My estimates are 60 round trips per day, 1200 dived by 20 tonnes per trip. This can not be cheap. Maximum weight allowed may be higher or lower but this

[u2bob]

Simple underground mining is more expensive ...open pit at over 2 + grams per ton will be cheapier to mine and truck ...call it a cash horse cow or pig...really don't care ....bought out JV or Financed. ...it will be mining in the summer ...Just bet on Donald to tweet gold prices up on those nights he is bored...he can do it ...lol...Jan 20 th will be here soon enough ...later...

[BASTILLEDAY4U]

Never thought of that, thanks. India citizens may be looking for a safe haven, there is talk of war over there with Pakistan besides that, the Rupee is getting slammed.