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Gold/Mining/Energy : Metanor Resource Inc. (MTO.V) Producing Gold Mine and Mill
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To: AlphaRomero who wrote (32)1/25/2012 1:43:29 AM
From: cambus  Read Replies (1) of 35
 
I guess they had to dilute to get the wherewithal to develop- how else were they to do it?.
They might be worth another look as their assets (MILL etc.) far exceed their market cap without counting the gold..They had been hovering around .22 but have now risen to about .34 on completion of the main shaft extension and closeness to production.Like most other developer mining companies they are seriously undervalued , but they look to be a real money machine in another six months.I expect the sp will rise dramatically when they are producing hopefully in six months time.Not many juniors are as advanced as they are.
If they escape takeover they have the potential to be a major producer in a few years.
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