hmmm.. zoals bij alle juniors moet je altijd behoorlijk zelf de lijntjes trekken aan de hand van wat punten informatie. Deze kunnen echter suggestief geplaatst worden, zoals wellicht ook bij MTO. De resources baarden mij in dit verhaal wat zorgen, maar zo te zien is er nog meer dat nadere bestudering behoeft...
hierbij 1 van die posts op stockhouse die dat forum af en toe de moeite waard maken:
S&J.
Being that I live in a tent with no power I have a lot of time to read.
Funny papers like the 43-101 that repeatedly states the grade will average 7.38 g/t and Hawfern is expected to have "phenomenal" grades.
I follow up that light reading with economic feasibility studies that project profits based on these grades or better.
But please bash away, MTO could not keep the mill running with Barry grade which far exceeds 0.3 (stated at 1,25%) and the feasibility study assumes go forward concentration values as high as 15x. Nicromet? Where is the follow up report on that baby anyway? But I have said enough, I prefer reading....
Your humble scribe couldn't help but consider the possibility that, unbeknown to himself, somebody might have slipped him an LSD tab back in his (somewhat mis-spent) youth and was suffering one of those flashback thingies. Yesterday, October 25th 2011, according to this link newsletterist Jay Taylor initiated*coverage with a buy recommendation on überdog gold joke stock Metanor Resources (MTO.v). In his "initiating buy" reco call, Jay Taylor highlighted that:
The company's Bachelor Lake property would enter into production by mid-2012.
Production would be 60,000oz gold per year at a cash cost of $464/oz
Once pre-sold ounces were backed out and a gold price assumed, Taylor said MTO.v would be good for 27c/year in cash flows, which compares very favourably to its current PPS of 36c (last night's close)
Other good things
That the stock should offer a double or triple to its current share price
All this was very bizarre for your humble scribe, cursed as he is with a memory. And it only took a tad of Googlerating before this article showed up, dated April 9th 2008 (yeah, two thousand and eight) which featured:
A newsletter writer named Jay Taylor pumping a stock called Metanor Resources (MTO.v)
That in 2009 (yeah, two thousand and nine) MTO.v would enter into production
Production would be 45,000oz gold per year at a cash cost of $310/oz
MTO was a low-risk stock, as it was already in production and a growth story to boot
Other good things
And of course Taylor's prediction that MTO.v would double or even quadruple its share price
Now isn't that an amazing coincidence? It kind of makes you wonder shy Jay Taylor is so keen on pumping this dog of a stock that's lost a mere 65% since that 2008 reco. Well, it does me at least, cos I'm like that.