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Continue identifying and upgrading the potential gold resources at the
Bachelor Lake Mine to 1 M oz .

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Begin exploration of the promising Nelligan property (next to the old
Coniagas Mine)

So there you go. Without the exploration of the Nelligan property there is already close to 4mil oz of gold in the area. I think there will be much more than 4mil oz. People don't understand what they are doing when they press the sell button at $0.45 If metanor gets close to around 4mil oz in reserves that will equal 20 YEARS MINE LIFE producing at 200,000 oz annually and $100,000,000 annual cash flow. That will put the SP at $10+ And I think taking into consideration their management team and the progress they have made in the last two years they will get there very soon. So, $0.40 something cents is just plain mad for this company and anything below $0.40 is just insane. Looks like there is a selling pressure for a couple of days and it may touch $0.40 again. I am waiting and if it touches close to $0.40 I will add another 15,000 shares.

Why is it safe to buy Metanor ? There is a shortage of gold worldwide. Gold will have to keep above $800. If it falls short of $800 many gold producers will cut the output and that will create even more shortage and POG will spike. Metanor is a low cost producer compared to other producers with cost of production $600 or even $700. If gold ever gets to $700 production will stall. Gold is a very small market. If you take int consideration the big financial crisis we are in right now and if at some point people will start massively run for gold the POG may easily climb to $2000 or even $5000. What do you think will be the Metanor's SP by then ? $20 ? $40 ? And Barrick ? $400 ?