Agoracom: Small Cap Investment - Metanor Resources - Re: Did management throw 15,000 onces out of the window?

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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Did management throw 15,000 onces out of the window?

Bernanke

Mar 05, 2009 07:17AM

Re: Did management throw 15,000 onces out of the window?

rwinger7717

Mar 05, 2009 07:31AM

Art27

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Re: Did management throw 15,000 onces out of the window?

in response to

Re: Did management throw 15,000 onces out of the window?

rwinger7717

posted on Mar 05, 2009 07:59AM

Nobody likes PP. Right now MTO will be at 100mil outstanding shares and $12mil to develop the Bachelor lake. Many gold junior producers like MTO are at over 150mil OS so 100mil OS is not that bad. We want the high grades stuff mined right ? They need the money, gold is going up. So what, even if they get to 120mil OS and they produce at a rate of 65,000 oz this will still be a great company and very cheap at these prices. So I added just over 10k shares today at .46 I fugure I take my chances and add while others panic.

Art27

Re: Did management throw 15,000 onces out of the window?

Bernanke

Mar 05, 2009 08:03AM

Re: Did management throw 15,000 onces out of the window?

Art27

Mar 05, 2009 09:48AM

Re: Did management throw 15,000 onces out of the window?

hobbers

Mar 05, 2009 10:06AM

Re: Did management throw 15,000 onces out of the window?

harryd