duncanmcl -

I think that the "frozen" SP is because the stock is just starting to get recognized. The "early adopters" have to suffer low SP while waiting for the public to catch on.

I think that the word will start to get out (and the price wil start to move up) when the stock analysis contains statements like these:

Significant Operational Upside Anticipated in the Next 12-months: Operational improvements as well as the completion of the underground development of the Bachelor Lake property should enhance the share value in the next twelve months. Metanor has yet to reach commercial production as the operating team is currently applying its efforts on efficiently ramping up the mill from 800 t/d to ~1,200 t/d (expected by Q2-2010). The mill is currently processing the lower-grade (2.5 g/t - 3.0 g/t) ore from the Barry open pit mine and the Company plans to blend the higher-grade (6.0 g/t – 7.0 g/t) ore from the Bachelor Lake/Hewfran by the end of 2010. For 2010 (annualized), we estimate the Company will produce ~33,000 ounces of gold. Looking forward twelve months, we expect production to ramp-up by 230% (from 2009 production ~20,000 oz.) to ~66,000 ounces at a cash cost of ~US$512/ounce. We believe the market has failed to fully appreciate these anticipated operational upsides (due to the lack of awareness in the investment community) and we expect the share price to improve in lockstep with production and cost improvements at the Bachelor Mill over the next few years.

Potential to Increase Current Total Resources by ~50%: The completion of the 2009 drill campaign expected to be followed up by an aggressive drill program in 2010. The Company has been systematically drilling on its key deposits with the intent of expanding the current total resources (~1.0 million ounces of Au) to: 1) increase the mine life of Barry (open pit) and 2) delineate additional mineralization (new potential targets) around existing mining infrastructure (Bachelor Lake Mill). The encouraging results from the 2009 drill programs on the Bachelor Lake/Hewfran as well as the Barry property have resulted in the discovery of new gold bearing zones and expansion of known resources along strike as well as at depth. We believe the success of the 2009 exploration programs amalgamated with the expected drill programs in 2010 have the potential to increase Metanor’s total resources by at least 50% (in the next 12-months).

- Panamax