Metanor Resources Inc. (MTO.V)

(A Top Pick May 21/08. Down 36%.) Down due to a malaise in the small cap mining stocks. Exploration is going very well. Have an open pit mine that is about 5 grams per ton that they are feeding their mill with. Still likes.

Located in Val Dor Quebec. Barrie deposit is relatively high-grade open pit, which is close to the mill. Possibility is upwards to 2,000,000 ounces. Should be very low cost production at about $3.50 an ounce. Planning to increase the size of the mill and increase production from 25,000 ounces this year to 50,000 next year. A real sleeper.

Based in Val Dor Quebec. Small producer and should produce about 25,000 ounces. Made a new discovery, the Barry deposit, which is a vertical deposit. Grading at around 5 g per ton and is feeding the Bachelor Lake mill. Could possibly see 1million, 2 million open pit ounces.