Well looks like i missed the target today no doubt there was shorting of gold and commodities and for us a few scared shares left the building. My take on gold is it is a winner if we drop to low there will be buying pressure if the US dollar drops and we know it will eventually, there will be buying pressure, just look at last few days but most of all fear, fear will drive the price of gold and in this atmosphere there is fear.
I look at Metanor as a manufacturer of gold even with gold at $600 US they would be selling it for roughly $720.00 an ounce at current Canadian dolllar value. So even with the American dollar high we get an automatic 20% increase in the price of gold. So now the American dollar goes down gold goes up as an inflation hedge.Great to be in gold.
Now with Metanor producing or manufacturing i like to call it, 24/7 soon we will owe nothing and have positive cash flow, we are also positioned with a 10 million credit line. So cash wise we should be fine they are working on increasing tonnage per day and that will help us rake in roughly 50 million plus a year and i low balled that figure. Right now we are making a 100% percent profit on our sales of gold name a manufacturer that wouldn't kill for that right now.
Of course we will need some time to accomplish these things but they are working fast. I believe the secret to unlocking the share potential for this company is ounces in the ground right now there is 1 million plus with three properties but soon it could be Barry has over a million itself way over if that becomes the case the value and market cap of this company will increase substantially.
I feel there is risk like anything but everyday especially in this environment i see the company lowering that risk its a great company to be in, the future looks great for it, all of this is my humble opinion based on my and others research i hope it helps.