Once they upgrade the mill to 1200tpd, prove more ounces, and gold holds over $900, MTO's forward EPS (year from now) should be something like $0.40 and over. They should be producing around 60,000+ oz with mill 1200tpd. MTO will be a cash cow generating well in excess of $40mil by then. And if gold hits $2000 by the end of next year like MeEwen (Goldcorp founder) predicts (he predicts it will top at $5000), then Metanor's annual cash flow will be something like $100,000,000. So Metanor should be a longer term hold as everything points this may be a well above $4 stock in two years time.

Art27

http://www.bloomberg.com/apps/news?p...