Metanor Resources MEAOD

Increased BL Shaft v Source gold ounces < 50km from mill

[JRafflesUK]

Cost / benefit of sourcing additional ounces for BL from potential new ore zone, 250m below existing shaft, or alternatively sourcing near surface ore at less than half the trucking distance of Barry from BL (Ref page 20 of the presentation).
 
Ounces less than 50km from BL include:-
 

Ounces	Location name
82,300	Lac Shortt
45,000	Mariposite
24,000	Gandex
64,800	Fenton
84,800	Pusticamica
300,900	Total ounces

 
 

• SSL is not required to provide additional capital to fund a 250m increase in the existing mine shaft. 
• In addition, SSL will be entitled to 20% of the new ounces produced.
• Moreover, SSL is only contractually liable to contribute $500 per ounce of gold under their 20% stream.
• The current cash cost is circa $998 and therefore MTO will be required to contribute at least half of the cash costs of SSL’s stream.

 
Therefore, the cost of acquiring the above 300k ounces will need to be compared and contrasted with the cost of a 250m shaft increase and the fact that the ounces at BL will be subject to SSL’s 20% stream and production contribution of about $500 per ounce.
 
A scenario could arise where SSL may decide to voluntarily reduce its stream, in order to achieve a smaller share of a bigger cake.

[harleyonvacatio]

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[fruitvale3067]

Harley, for the 20th time, SSL has a streaming deal for Bachelor Lake (including Moroy) until approximately year 2042. If MTO is going to drill and chase the main vein 250 more meters, and they think Moroy and Bachelor lake connect, then why would SSL voluntarily reduce it's stream? MTO can just do another PP or two and you guys will be OK with it.   Lets just say MTO fails, SSL still

[brandy2000]

Wait time for permits frustrates gold miner "The wait time for bulk sample was a 3 year process" https://www.northernontariobusiness.com/industry-news/mining/wait-time-for-permits-frustrates-gold-miner-371885 This example is from Ontario. Off site ore requires both Fed Minister approval as well QB Provincial approvals. Barry is delayed for this reason folks.... Further the lack

[brandy2000]

Osisko has already acquired metal royalties against Hewfran. Royalty Portfolio Details The portfolio includes the following key royalties: Three NSR royalties from 2% to 3% on the producing Island Gold Mine properties located in Northern Ontario owned by Richmont Mines Inc. 2% NSR royalty on the Lamaque property located in the Abitibi owned by Integra Gold Corp. 2% NSR

[brandy2000]

So Hewfran ore carires a NSR burden of 2% to OR.T https://www.mining-technology.com/projects/bachelor-lake/

[brandy2000]

Sorry, need to update the burden on the Hewfran block. Ore carries a NSR burden of 2% to OR.T, Plus the original SSL burden as well. Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.mto&postid=26702389#Jkit40PbXJHQSwtg.99

[brandy2000]

Montral, October 19, 2015) Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX) is pleased to announce that it has entered into a definitive agreement to acquire a portfolio of Canadian royalties held by Teck Resources Limited and its subsidiary Teck Metals Ltd. (“Teck”) (TCK.B: TSX) for a cash consideration of C$28 million, with an additional C$2.5 million paid on

[harleyonvacatio]

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[heystupider]

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[brandy2000]

Again, you guys miss the whole point here is that ENVIRONMENTAL STEWARDSHIP emparted on miners by government costs money and time. This applies to all of Canada and certainly Quebec too. Mining companies have limited control over this process. New mines and there expansions must pass thru federal reviews and approvals.  In addition to the review and permitting requirements of their

[harleyonvacatio]

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[romara]

Maybe a takeout....but probably absorbed into Kirkland Lake. On the take out, maybe a 10% premium on the last 30 days share price.....  never at 5 bucks  .... Harley....you are having too many nocturnal emmissions before you go to sleep.......  Richard

[topoftheridge]

Richard--- you continue to spew untruths..... it is impossible to have a nocturnal emmission BEFORE you go to sleep....they only occur during sleep. ha ha

[brandy2000]

So the short of it is that the Barrry pit and Bach Mill along with its tailings will need evironmental impact assessments updated and meeet a host of both local and fed concerns. A new Barry sub surface mine however is much more complicated and is up to a 3 year time line to begin bulk sampling. This process may already have been underway and sit 1 more years in progress at this time.