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: News
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Nov 02, 2010 09:51AM

I have never understood the reasoning behind "grab samples". My understanding is that a few guys wander through the forest where someone has said there "might" be a gold deposit. They look down and indeed see something worthwhile. They "grab" this "sample" and then claim they have found a sample containing xxx grams per ton of gold. Based on this, the capitalization of the company goes up 10% or in MTO's case over $7 Million. Does this make any sense? In my view it does not but I guess we should be happy about it, nevertheless.

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