Re: Pouring Gold Bar every 10 days

Welcome To The Metanor Resources HUB On AGORACOM

Metanor (MTO-V) is a new Canadian Gold Producer located in Quebec. It reached commercial production on December 1, 2013 and will produce 50,000 oz in calender 2014 with a present all-in cash cost of $1,018US.

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ozgoode

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Re: Pouring Gold Bar every 10 days

in response to

Pouring Gold Bar every 10 days

jumpy

posted on Apr 09, 2008 05:17AM

I guess that means they are processing 5,000 tons over that period. I think he said they were averaging about 6 grams per ton, which makes 30,000 grams or about 967 oz. every ten days. So the cash flow should be about $870,000 (at $900 per oz) every ten days or about $2.6 million per month, assuming that the grade stays the same.

Also, cash flow should increase late in the year when they step production up to 750 tons per day.