Re: I am amazed MTO still trades at $0.40

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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Art27

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Re: I am amazed MTO still trades at $0.40

in response to

Re: I am amazed MTO still trades at $0.40

Bernanke

posted on Dec 17, 2008 10:43PM

Have a look at SLW. Up from $3.07 (november) to $7.75 as of today.
Kinross up from $9 to $22.25
Goldcorp $18 to $38
Barrick $22 to $42
Agnico Eagle Mines $27 to $57

In normal conditions big roducers move first then juniors follow. In this scenario juniors haven't moved at all or barely.

I suspect, at some point when big producers will get too ahead of themselves in SP, people will start taking profits and look to invest in good quality juniors. This is when I expect a huge explosion in price of juniors will happen. And some of those quality juniors will go from $0.20 or $0.50 to well over $5. And, like you say, Metanor is one of them.