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Metanor Resources (V.MTO) on upswing after production news


Stockhouse Editorial
0 Comments| November 14, 2013

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Top Bullboards post:

“Today. I am buying more before close. Twenty-four cents is an easy target in the next 7 business days. Mine is profitable at anything above 900 / oz. Don't let the bashers tell you otherwise,” wrote stockidiot100 in a Metanor Resources Inc. (TSX: V.MTO, Stock Forum) post.

Today, Metanor was up 9.4% to 17.5 cents after the exploration company reported that its Bachelor project, located 225 kilometres northeast of Val-d'Or, Quebec, reached commercial production on November 2, having operated for a period of 60 consecutive days, at over 80% of its theoretical mill capacity with an average of 629 tonnes per day. The company now plans to maintain the milling rate over 18,500 tonnes per month producing close to 10,000 ounces per quarter.

Top Bullboard:

Wi-Lan Inc. (TSX: T.WIN, Stock Forum) was the most popular bullboard.


Top Blog:

“All resource investors are in the same boat for almost two years now, including me. It will turn around at some point and probably very suddenly. The market goes through cycles where it doesn`t believe the world needs commodities any more. Look at Agriculture companies that were market darling only a short time ago and have now tanked. This is an especially vicious downturn in commodities and tax loss selling is making it worse. Remember you can’t eat your iphone or put JP Morgan in your gas tank. Things will get better,” wrote Blogger wayned, in the Aroway Energy Inc. (TSX: V.ARW, Stock Forum) blog.


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