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 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.

 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! » 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:

  - Ronald Perry, Vice-President of MTO.V, November 15, 2013 Business News Network interview:

  - Recent Q4 2013 Analysts Report (C$0.47 price target):
  - Metanor Resources Inc. Corporate Website: 
  - SEDAR Filings for Metanor Resources Inc.: 
  - Recent Mining Journal article: 



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





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