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Bullboard - Stock Discussion Forum Metanor Resources MEAOD

Metals & Mining Gold Industrial Metals & Minerals
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 > Sector Newswire - Nov 1
View:
Post by gnote1 on Dec 31, 2016 6:12pm

Sector Newswire - Nov 1

News Release -  November 1, 2016 4:32 PM ET 
 
 
Metanor Intersects 70.9 g/t Au Over 2.6 m on the Barry Property Adjacent to Osisko Mining's Windfall Property
  • This new high-grade discovery dramatically enhances the attractiveness of Metanor to prospective suitors in an area under consolidation. The Company is highly prospective for additional major high-grade discovery proximal Osisko's Windfall Project.
  • Company plans to publish a resource and reserve update for Bachelor Mine before December 31, 2016.
  • Company will publish an independent PEA (all-in costs of US$891/oz) on Barry open pit before November 4, 2016, and continue to increase the value following the recommendations from the PEA -- targeting reopening Mid-2017.
  • The Company's total infrastructure is valued (estimated replacement value) at between CDN$150M to $200M. The Company's primary asset, the 100%-owned Bachelor Mill, has a replacement value of several times the Company's current market cap and is increasingly being viewed as a coveted strategic asset being the only mill within 200km in a gold-rich district. The Company has met its cash flow guarantee to Sandstorm and is now free to mill ore sourced from outside Bachelor without penalty.

My calculation of SO and repalcement costs roughly 30-40 cents/ share
Comment by goldminer01 on Dec 31, 2016 7:44pm
This post has been removed in accordance with Community Policy
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