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I read this article on Metanor this weekend. The Barry Open Pit could become an enourmous source of gold for years as Metanor keeps expanding it. Area miners such as Agnico Eagle, AUR Resources etc are down 5000-8000 feet!! The Barry pit is down only 200 feet !!!! and drill results suggest grade gets better down deeper. To date Metanor has poured 27,000 oz gold. http://sectornewswire.com/release102309m...
To date Metanor Resources Inc. (TSX-V: MTO) (US Listing: MEAOF) (Frankfurt: M3R) has poured over 27,000oz of gold from its Barry open pit deposit where a new 20,000m drill campaign will expand on new high grade zones. The Barry pit is an integral part of Metanor's gold production business model whereby MTO is on schedule and under budget to bring high grade underground ore online by mid 2010. Additionally MTO.V plans to increase capacity up to 1200 TPD in the Fall of 2009. The Mill is currently operating at 800 TPD with recoveries of ~95%. Fundamentally MTO appears exceptionally undervalued -- has no long term debt, is domiciled in a stable jurisdiction, has a growing resource base, and is currently trading at a mere fraction of its 100% owned ~$140M infrastructure value. Rating :
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| Subject | Author | Rating | Time of Post (ET) | ||
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Huge upside and tonnage at Barry Open Pit
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thealbow | Not rated | 25-Oct-09 08:41 am | ||
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I sure like the new 3 dollar prediction...ive been...
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djmceetko | (1 Rating) | 25-Oct-09 11:46 pm | ||
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if they hit at depth with some good numbers i...
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eddhee1 | Rate it | 27-Oct-09 01:30 am | ||
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someone is selling large blocks,and driving down t...
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rocksolidro... | Rate it | 28-Oct-09 11:53 pm | ||
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All gold / silver stocks are getting naked sh...
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hope_in_a_b... | Rate it | 29-Oct-09 12:34 pm | ||
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i agree. the powers behind the scenes ar...
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rocksolidro... | Rate it | 29-Oct-09 04:12 pm | ||
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Anybody have any knowledge as to co...
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djmceetko | Rate it | 30-Oct-09 12:27 am | ||
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Listing on AMEX and TSX would ...
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boreps2000 | Rate it | 30-Oct-09 09:17 am | ||
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It is very noticeable and a little too obviou...
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ahamer3 | Rate it | 30-Oct-09 08:10 am | ||
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given me the oppurtunity to load up on a...
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djmceetko | Rate it | 31-Oct-09 08:47 am |
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