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Message: Re: Metanor - MTO

Nov 17, 2009 05:31AM

Nov 17, 2009 09:56AM

Metanor Reopens Underground Mine at Bachelor Lake

VAL-D'OR, QUEBEC, CANADA--(Marketwire - Nov. 17, 2009) - Metanor Resources Inc. (TSX VENTURE:MTO) announces that Inspector Mr. Gaetan Gagnon of the CSST(Commission de la Sante et de la Securite du Travail), assisted by Mr. Mario St-Pierre, released his decision on the resumption of work at the Bachelor mine this Monday the 16th of November 2009, at 3.30 pm and his intervention report reads as follows: "under the powers granted to me by the CSST, article 189, I authorize the resumption of work in the Bachelor underground shaft located at 200 Chemin de la Mine, Desmaraisville."

The stock is up 15% this morning, so this plus the recent drill results are catching a bid, but that still leaves open the question of liability and the ultimate cost. Anyone have any comparisons to their situation? How much does this ultimately cost them?

ebear

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