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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Message: Canadian Dollar down to $0.8082 USD

Canadian Dollar down to $0.8082 USD

posted on Nov 19, 2008 04:03AM

Thats $1.2373 CAD to buy $1 USD

With Gold at $736 = $910 canadian

Not long ago when $1 USD = 1.14 CAD

and Gold was at $800 ($65 higher) Metanor was selling gold at $919 cnadian.

So even if Canadian $ falls to $0.70 and gold down another $100 to $635 Metanor will still be selling gold for over $900 canadian LOL

So either way you go Metanor will be in the business. Gold goes up canadian $ goes up, US $ goes down we lose some on exchange but higher gold prices recompensate the exchange loss. Gold goes down, canadian $ goes down US $ goes up we make the same $ because of weaker canadian $

So we are basically immune to any fluctuation :)
As of now Metanor is making rougly $500 on every ounce if you take $400 production cost.

Art27

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