Jay Taylor
Metanor Resources Inc.
MTO-X
BUY
Jun 25, 2008
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.
(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.
It is one of these small scale miners with projects scattered. He thinks they will not be around much longer and will be absorbed by someone at a premium.
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