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Thanks for sharing NYBob.
If my back of the napkin pencil calculations are anywhere close to being correct, $1.99 million dollars times 4 quarters would give us per share income of about 1 1/2 cents?
METANOR REPORTS NET INCOME OF $2 MILLION FOR THE QUARTER ENDED DECEMBER 31, 2016; RAISES GUIDANCE
February 8, 2017 – Val-d’Or, Quebec, Canada:
Metanor Resources Inc. (“Metanor”) (TSX – V: MTO) is pleased to report its
financial and operating results for the quarter ended December 31st 2016
(fiscal Q2 2017). This press release should be read in conjunction with
Metanor’s financial statements for the quarter ended December 31st 2016
and related… Read more »
http://www.metanor.ca/en/press-releases/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126233059
- God Bless -
Metanor Resources In (MEAOF)
0.0515 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.047 0.056 - - -
MEAOF Detailed Quote
new PR's but the sp is still stuck..when will the misery ever end?
Metanor Resources In (MEAOF)
0.038 ? -0.0019 (-4.76%)
Volume: 77,600 @ 11:58:08 AM ET
Bid Ask Day's Range
0.032 0.04 0.0321 - 0.04
MEAOF Detailed Quote
Gold Price: A Significant Rally Begins -
http://www.gold-eagle.com/article/gold-price-significant-rally-begins
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126233059
- God Bless -
All points very well taken. Thank you.
We have been here for over three years.
another new PR that is very detailed but despite all these very detailed pr's the sp just keeps sinking lower and lower..what a scam!!
Anothe PR out today about the Barry project...funny MEAOF releases PR after PR but its sp stays at 5 and 6 cents...maybe someday some deep pockets will buy this co...hope springs eternal.
nothing but good news on MEAOF but the stock just stays around 6 cents..what gives??
Metanor files PEA on the Barry project
VAL-D'OR, QUEBEC--(Marketwired - Nov. 3, 2016) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce it has filed the « NI 43-101 Technical Report Preliminary Economic Assessment (PEA), Barry Gold Project, Québec, Canada » in support of the press release published September 22nd 2016.
The preliminary economic study ("PEA") completed by Geoservices Inc. GoldMinds, onthe Barry gold project (Mining Lease number BM 886) located 100 km east of Lebel-sur-Quévillon and 115 km south of the Bachelor Mine in Quebec, establishes the following (CAD dollars):
Net present value (NPV) before taxes (at 6%) of 53.5 M$;
Internal rate of return (IRR) before taxes of 198%;
NPV after taxes (at 6%) of 25.9 M$;
IRR after taxes of 94%;
Capital startup of 8.5 M$;
Payback of 0.71 years with a gold price of $1,560 / oz;
All-in production cost of 1,114$ / oz (US $891 / oz);
For the life of the mine, a production of 193,457 ounces of gold over 9 years;
An average of 21,495 ounces of gold production with up to 37,573 ounces in year 2;
Milling of 1,200 tonnes per day at the Bachelor plant, with an average grade of 1.75 g/t diluted for the life of the mine including the first 3 years at 2.61 g/t with a metallurgical recovery of 95%;
Strip ratio of 2.17 to 1.
The additional details are available in the technical report as well as in the September 22nd press release.
(*) Cautionary statement NI 43-101: The PEA is preliminary in nature and includes inferred resources that are considered speculative geologically to have economic considerations that would categorize them into mineral reserves. There is no certainty that the conclusions of the PEA will be realized.
About Metanor
Metanor is a Canadian based gold mining company with a focus on the added value of action by the operation, diligent exploration and development of its properties.
Qualified Persons
Pascal Hamelin, P. Eng., Vice-president of Operations, is the Qualified Person under NI 43-101, responsible for reviewing and approving the technical inform
strange day..while the POG had a good upward move today..the gold stocks that were up earlier in the day all turned negative and many finished the day in the RED..hard to understand..something is way out of whack.
I hope that it will catch fire soon price-wise.
Metanor intersects 70.9 g/t gold over 2.6 meters
0 Comments| 1 day ago
Metanor Resources (TSX: V.MTO, OTCQB: MEAOF, Forum)
announced today that it has intersected 70.9 g/t gold over 2.6 meters.
The drilling took place in the Moss Sector situated on
The Barry Gold Mine property owned 100% of Metanor Resources -
This is located north-east of but on the Barry Property
and
south-west of the Windfall Property belonging to Osisko Mining.
The drill hole intersects two gold-bearing zones
associated with sulphide (15%) in proximity to a regional fault.
This dominant geological structure has a minimal length of 6 km.
- A segment of 3 km of this structure extends on
the Barry Property belonging entirely to Metanor.
These drill results show high-grade gold values,
with more assay results pending.
Along with this, the drill program in the Moss Sector is ongoing.
True widths of the new exploration intercepts reported in this
release have yet to be determined.
Additional drilling is planned for the immediate area which will
enable the determination of true widths.
Further information can be found here.
Metanor Resources was recently in the news earlier this month when
it reported additional drill results of 12.0 g/t gold over 3.9 meters
at MTO’s Bachelor Mine.
The Company has 436 million shares outstanding and
a market cap of $39.2 million - ($39.2 mil would not pay for redev. a
shaft - the mill would cost above 100mil ++ for the infrastructure and
that is very undervalued and oversold $39mil. is only represent a
fraction of the real Metanor mines cost and gold values) -
imo!
bigone thank you, Do you think that we may receive a buyout offer? Maybe
from Osisko? -
Metanor own the only modern mill in the area of large rich gold green
stone belt -
buyout offers may come forward at any time for this
gold mines resources kind oversold and undervalued gold bargain -
http://www.b-tv.com/metanor-resources/ -
https://www.clivemaund.com/article.php?id=68 -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126184103
image: http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless -
bigone thank you, Do you think that we may receive a buyout offer? Maybe from Osisko? -
Metanor own the only modern mill in the large rich gold greeen
stone belt -
buyout offers may come forward at any time for this gold resource kind
of bargain -
http://www.b-tv.com/metanor-resources/ -
https://www.clivemaund.com/article.php?id=68 -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126184103
image: http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless -
That doesn't sound good.
Only way to .20 is with reverse split. Maybe management quitting would garner a few pennies. But the fact that they can't show a profit and have declining revs, tells me it is dead money.
T
20 would be nice......
yeah, a buyout offer from anybody would be good news...this stock has been stuck at 6 cents for ages..time for a buyout at 20 cents so we can move on to other things.
Do you think that we may receive a buyout offer? Maybe from Osisko?
With all the good news, I do not understand why this stocks sp lingers in the doldrums...it is surely a mystery to me..someone please explain.
Metanor Intersects 70.9 g/t Au Over 2.6 m on the Barry Property Adjacent to Osisko Mining's Windfall Property -
V.MTO | 3 hours ago
VAL-D'OR, QUEBEC--(Marketwired - Oct. 31, 2016) -
Metanor Resources Inc.
("Metanor") (TSX VENTURE:MTO) is pleased to announce that it has
intersected 70.9 g/t Au over 2.6 meters in the Moss Sector located
north-east of the Barry property and south-west of the Windfall
property belonging to Osisko Mining.
This drill hole intersects two gold bearing zones associated with
sulphide (15%) in proximity to a regional fault.
As per the drill holes, this dominant geological structure has a
minimal length of 6 km, toward the Windfall property belonging to
Osisko Mining.
A segment of 3 km of this structure extends on the Barry property
belonging entirely to Metanor Resources.
See attached figure.
The drill results obtained thus far show high gold values and more assay results are pending. In addition, the drill campaign continues in the Moss Sector.
Hole No from (m) to (m) length (m)* grade Au (g/t) Zone
BE-16-09 248.4 250.6 2.2 9.2 Moss
BE-16-09 328.9 331.5 2.6 70.9
(*) Core length
A figure is available at the following link :
http://media3.marketwire.com/docs/1074439.jpg
True widths of the new exploration intercepts reported in this press
release have yet to be determined.
Additional drilling is planned for the immediate area which will enable
the true width determination.
Assays are uncut except where indicated.
The Company uses a rigorous, industry-standard, QA/QC program.
The samples were assayed by fire-assay at the Metanor assay lab.
Blanks, duplicates and certified reference standards are inserted into
the sample stream to monitor laboratory performance.
The quality control program of the assay results (QA/QC) adopted by
Metanor includes a minimum of 10% of controlled assays being conducted
as well as verification by an independent ALS-certified assay
laboratory in Val-d'Or, Québec.
Results of the spot checks were consistent with those reported.
Qualified Persons
Pascal Hamelin, P. Eng., Vice-president of Operations, is the Qualified
Person under NI 43-101, responsible for reviewing and approving the
technical information contained in this news release.
Cautionary and Forward-Looking Statements
This press release includes certain statements that may be deemed
"forward-looking statements". ---and actual results or developments
may differ materially from those forward-looking statements.
Neither the TSX Venture Exchange, nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
Ronald Perry, Vice-president
514-262-8286
rperry@metanor.ca
http://www.b-tv.com/metanor-resources/
Read more at
http://www.marketwired.com/press-release/metanor-intersects-709-g-t-au-over-26-m-on-barry-property-adjacent-osisko-minings-windfall-tsx-venture-mto-2171021.htm
http://www.metanor.ca/en/propriete/barry/
http://www.canadianminingjournal.com/news/gold-metanor-announces-positive-pea-on-its-barry-gold-project-npv-of-53-5-m-and-irr-of-198-before-taxes/
https://www.caesarsreport.com/category/old-companies/metanor-resources/
http://www.stockhouse.com/news/press-releases/2016/10/31/metanor-intersects-70-9-g-t-au-over-2-6-m-on-the-barry-property-adjacent-to#HI7JG4i5cGBbtSJD.99
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125331550
- God Bless -
"Hearing" trading to resume @ 10:15 am .
Agree .
Still not sure about the halt though ...
My TD Trade Architect still shows no bid / ask ...
MEAOF doesn't show anymore on FINRA "trading halts" site :
http://otce.finra.org/TradeHaltsCurrent
Wait and see , I guess ...
GLTus
Nice news to wake up on a Monday morning.
Metanor Intersects 70.9 g/t Au Over 2.6 m on the Barry Property Adjacent to Osisko Mining's Windfall Property
http://www.marketwired.com/press-release/metanor-intersects-709-g-t-au-over-26-m-on-barry-property-adjacent-osisko-minings-windfall-tsx-venture-mto-2171021.htm
Not showing halted now :
http://otce.finra.org/TradeHaltsCurrent
MEAOF halted..wonder if they are going bankrupt....funny that there is no news of why this stupid stock is halted..they have played this game before..what a laugh!
MEAOF just got halted ....
http://otce.finra.org/TradeHaltsCurrent
No, you are not alone. The problem is management. One of the worst I have encountered. Dwindling gold in ground adds to sad story. I am hoping for a pop from a tout sheet to lighten up. They also should have 1st Q out in a month or so.
T
latest ER looks like they lost money again..when will the tide turn??..but they are producing gold, that is more than you can say for most of these penny gold stocks. Am I the only one following this stock????
500k on the bid @ .06 ... hmmmm
Nice buys into the close .....
Time and Sales for Metanor Resources Inc (MEAOF) Oct 10, 2016
Time Price Volume Market
15:57:19 0.069 1500 OTO
15:53:45 0.065 10000 OTO
15:53:05 0.065 165000 OTO
15:50:08 0.06 1001 OTO
15:29:16 0.065 1000 OTs
news out today about the Barry project which says that they will start in the summer of 2017...may just be a ploy or may have some meat..guess we will just have to wait for developments...a lot of PR's but no sp progress..could be a winner if the POG keeps raising and more interest develops.
Shark, I agree. POG is huge for them. The mill is their best asset in my opinion. Might be only reason someone like Osisko would buy them. They don't have that much proven gold in ground but the mill would get O started faster. But, why haven't they moved on them yet. I have a couple sell orders higher that I thought would be in play by now, but nope. Q report has to be good or we are screwed.
T
'tsoprano-1' It has become rather clear that this entire project hinges on the price of gold, MEAOF claims that mine & structures are fully paid for & certainly management is living well off of their well rounded paychecks, but production seems to have flattened out & the prospect of gold making substantial headway is IMO not presently in the cards. Will sell @ 1st opportunity to get out alive. The only other prospect, is if in fact, they DO receive a buyout offer. GLTA. Play it as you see it.
Metanor Resources Has a Gold Mine, Mill – Fully Paid -
Unfortunately, a track record of losing money. After Quebec loan was paid off I expected profits but got none. That is why I am tempering my enthusiasm until next report.
T
Metanor Resources Has a Gold Mine, Mill – Fully Paid -
Shaark, they have been talking about a buyout for a couple years. Until I see a positive Q, I regard it as an annuity for management. Just keep it going so the paychecks keep rolling in. Would love to be wrong so I can get more profit from my shares but have lost faith, for the most part. Take care.
T
'tsoprano-1' I clearly stated " they are SUGGESTING that it COULD be a buy-out" & " it APPEARS that MEAOF has been in talks", all of this verbage was placed there to let everyone know that this was based upon "buzz" in Canada, the only certainty that was stated as such, was that MEAOF was the party that had requested the halt of trading. The fact that this apprears to have been nothing more than rumor, should come as no great surprise to anyone. GLTA. Play it as you see it.
Shaark, there was no meeting with another mining company. Just another false rumor started by some MB pumpers. I anxiously await the Q that apparently will be released the last minute of the last day possible. Sound like something you would do with good news?
T
Metanor Announces Positive PEA on its Barry Gold Project: NPV of $53.5 M and IRR of 198% Before Taxes -
Marketwired September 22, 2016
http://finance.yahoo.com/news/metanor-announces-positive-pea-barry-152905433.html
http://www.canadianminingjournal.com/news/gold-metanor-plans-restart-for-barry-open-pit/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124397681
- God Bless -
Sounds like a plan ..
I will keep this one in the "sock drawer" for now ...
GLTus
'molee' IMO the best strategy is to sit back & wait 'till all the news is fully digested & then see what new developments arise out of all of this. "Sell in haste/Repent in leisure". GLTA. Play it as you see it.
'shotgun' Please read my post "News Out", just another
"Larger than Life" brain fart, maybe the deal will go through @ some point in the future, whenever that is, but for right now & I mean right now, try not to breathe, I can see their latest bf, swooping down from Canada @ warp speed. GLTA. Play it as you see it.
boy! 40 cents would be a dream..my average buyin is 7.5 cents. That would be too good to be true
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