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: Re: Gold at $870 and quickly approaching $900
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Gold at $870 and quickly approaching $900

Art27
Jan 23, 2009 03:29AM
Re: Gold at $870 and quickly approaching $900

thedarklord
Jan 23, 2009 04:55AM
Icon president Re: Gold at $870 and quickly approaching $900

ozgoode
Jan 23, 2009 05:10AM

Well, based on their past production costs of $375 CAN back when oil was at $100 those costs probably are lower now with oil at $35 but lets assume it is $380 CAN.

$1 US dollar = $1.25 CAN

Currently Gold at $890 = $1112 CAN - cost of production $380 CAN = $732 CAN / oz

Even if their cost goes up to $500 CAN /oz they still make around $600 CAN / oz at current gold price.



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