Sector
NewswireTM
Sector: Mining - Metals and Minerals
:
News Release - December
13, 2013
4:34 PM ET
Metanor Resources produces 4,154
ounces Gold for the month of November -- Mining expert Jay Taylor of Hard Money Advisors recommends Metanor to clientele
NEW
YORK, NY, December 13, 2013 /Sector Newswire/ -
Metanor Resources Inc. (TSX-V:
MTO) (US Listing: MEAOF) (Frankfurt: M3R) has had two news
releases of significance this week regarding achievements at its
newly refurbished Bachelor Gold Mine and Mill in Quebec. Metanor
announced that it had produced 4,154 ounces Gold for the month of
November, and also announced a new record for weekly Gold pour of
1079 set during the beginning of December. Metanor is also the
subject of a newly released advisory from mining analyst Jay Taylor
of Hard Money Advisors Inc.
This news and noteworthy endorsement follows on the heals of Metanor declaring commercial Gold production status
last month, becoming the first gold producer in Quebec's Plan Nord.
Recent development work appears to now be translating into results,
allowing MTO stabilization of production near 4,000 oz per month.
The recent increase in active stopes enables the company to deliver
a steadier grade and flow of ore to the mill and achieve greater and
sustained daily tonnages.
Metanor produces Gold in the first week of December at an annualized
effective rate over 56,000 ounces per annum:
The new record weekly Gold pour of 1079
ounces, last week, if extrapolated over 52 weeks equals an
annualized rate of 56,108 ounces. The stage is set for a cash flow
positive scenario and a push to stabilize at a 4000 - 5000 oz per
month Gold target (at 800 TPD). Managements near-term plan is to
increase the mill capacity by ~50% at low capex (~$4 million) and
target 80,000 - 90,000 oz Gold/year in 2015.

"I believe the upside for this
stock is very substantial, especially as we emerge from
the cyclical bear market back into the secular bull."
- J. Taylor Dec. 2013 |
Mining expert Jay
Taylor of Hard Money Advisors recommends Metanor to clientele:
Mining analyst Jay Taylor of Hard
Money Advisors Inc. is intimately familiar with Metanor, having
visited Metanor’s Bachelor Lake Mill in the past to see firsthand
the infrastructure upgrades and has followed its progress toward
becoming a Gold producer over the last five years. Mr. Taylor is
known for being reserved in his advice, thus investors should pay
attention when he does decide a company is finally poised to
appreciate in value and worth establishing a long equity position
for near-term superior return potential; MTO.V is now in that
category.
Full copy of Mr. Taylor's advisory along with chart and additional
insight may be viewed at
http://sectornewswire.com/MTOJayTaylor-2013-12-06.pdf online. |
Excerpt from December 11, 2013
release:

Pouring gold at Bachelor
- Bachelor
is a rich underground mine with grades upwards of 26 g/t
gold with an average grade of 7.38 g/t gold
(fully diluted using long hole) |
Metanor Produces 4,154 Ounces Au in November
at Bachelor
Metanor Resources Inc. ("Metanor") (TSX
VENTURE:MTO) is pleased to provide this
update on the production activities underway
at its Bachelor Mine.
Metanor produced 4,154 ounces of gold during
the month of November. The ounces produced
in November came from development activities
on levels 14, 11, and 10 and from stopes on
levels 13 and 12 at its Bachelor Mine for a
total of 20,313 tonnes of ore at a feed
grade of 6.52 grams / tonne with a 97.5%
recovery.
Metanor is presently continuing its
development activities on the levels
mentioned above and has started
rehabilitation activities on level 8
previously developed in the 1980's. The
activities on level 8 will allow access to
areas to develop new ore zones, and to
explore for additional ore zones.
...click here for full copy from source |
Excerpt from December 12, 2013 release:
A New Record for Metanor; 1079 Ounces of
Gold Poured in a Week
Metanor Resources Inc. ("Metanor") (TSX
VENTURE:MTO) is pleased to announce a record
gold pour of 1079 ounces last week. This
pour represents a week's worth of production
from the Bachelor Mine.
Ghislain Morin, President and CEO, stated
that: « We are very proud of the continuous
efforts provided by all our employees and
their contribution towards Metanor's goal of
attaining commercial production responsibly
and in a secure environment. I take this
opportunity, in my name, and on behalf of
all senior management to wish to all our
financial partners, employees, suppliers,
and members of the communities where we
work, Happy Holidays! »
...click here for full copy from source |
MTO.V with ~267 million shares
outstanding (~290M fully
diluted, however we note most warrants are deep out-of-the-money and
will expire unexercised)
provides an ideal vehicle for investors seeking exposure to precious
metals. Shares of MTO.V are currently trading under C$0.15 and the
time to pay attention is now while
MTO.V is trading at a fraction
(less than 1/4) of its infrastructure (replacement) value alone, ignoring the ~1.6
million oz Gold resource in all categories (on all properties), and
ignoring the large resource growth potential. The new official
commercial Gold production status and related accomplishments
position MTO.V as an improved quality of equity that will attract a
larger audience for its shares and should translate to a rise in
share price as the reality of its accomplishments are appreciated.
Sector Newswire
has identified the following related
research links on Metanor:
- Mining Expert Jay Taylor's December 2013 recommendation to clientele:
http://sectornewswire.com/MTOJayTaylor-2013-12-06.pdf
- Ronald
Perry, Vice-President of MTO.V, November 15, 2013 Business News
Network interview:
http://watch.bnn.ca/#clip1044420
- Recent Q4 2013 Analysts Report (C$0.47 price target):
http://sectornewswire.com/MTOanalystOct2013.pdf
- Metanor Resources Inc. Corporate Website:
http://www.metanor.ca/en
- SEDAR Filings for Metanor Resources Inc.:
http://goo.gl/fpbR3Z
- Recent Mining Journal article:
http://miningmarketwatch.net/mto.htm
This release may
contain forward-looking statements regarding future events that
involve risk and uncertainties. Readers are cautioned that these
forward-looking statements are only predictions and may differ
materially from actual events or results. Articles, excerpts,
commentary and reviews herein are for information purposes and are
not solicitations to buy or sell any of the securities mentioned.
SOURCE: Sector Newswire editorial
editorial@SectorNewswire.com
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