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: What they didn't tell us in PP is the real story - Opportunity cost of funds

Ozgoode - this move is actually a short term price support. The stock has been trading in the mid 30 cent range up to 40 cents for a while now. This PP is at 50 cents... that shows that the price is undervalued that they can do a PP for higher then the share price. In the short term this will add support. The barrier will be the 50 cent mark... it'll take some progress on the company's part to show they're actually carrying their plan out both in terms of the expansion and proving up oz in order to break that barrier... or at least that's what I'd expect unless gold price increases significantly.





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