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Re: Maybe grasping at straws, but...

It does not take a geologist to figure out that the 43-101 will not be 3M. Richfield Ventures may be 3M eventually. Take a look at their drill results and compare to Metanor's.


You hold Metanor for the growth story, because it has Infrastructure, because it's in Quebec, because it's in Canada. If they put the pieces together (they have been saying they will since 2005....) a fair valuation for next year if production ramps would be to compare them to Wesdome at a $280 Market Cap and 70k Oz/annual production. If Metanor can reach even 70k, fundamentally, they should be valued higher than Wesdome as their 43-101 reserves will be +1M while Wesdome basically replaces reserves flat reserves annually.


Metanor doesn't have the drill results or the investor relations to attract the Bay Street Money to become a Lake Shore or San Gold ($1B Market Caps) that are valued ridiculously.


It's always entertaining to see people hype up Metanor for tradings sake. I'd be interested if any real traders and or investors (depends on your time frame) bought Wesdome in the last week when they finally started rallying after trailing the rest of the gold market-gone-crazy by 3 weeks. That's a fundamental buy not hoping for "3 Million Oz!"


Metanor is not that cheap too with an EV/P&P 43-101 Resources of $299/Oz and EV/All 43-101 Resources of $93/Oz.


It will still be interesting tomorrow though....I will be likely enjoying with you....

about 14 years ago
Re: News

Metanor is not "too cheap" if they dilute by equity financing the $15M raffles claimed needed to prepare Bachelor for production or merge with other Val D'Or or Golden Triangle Junior. Anyone who usually talks to Serge Roy able to get through today yet or are calls still not being returned?


Long term Metanor follower. Recent shareholder. Wished I waited untill yesterday to purchase......volatility.

about 14 years ago
dr_airtime
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