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NewswireToday - /newswire/ -
New York, NY, United States, 01/11/2008 - North America's newest gold producer. Permits issued and cleared for production - Special valuation advisory Metanor Resources Inc. (TSX-V:MTO).
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Mining MarketWatch Journal has published an updated review and Upside Valuation/Summary on Metanor Resources Inc. (TSX-V: MTO) (Pink Sheets: MEAOF).
With the issuance of permits now for their Batchelor Lake gold milling facility, it is clear sailing to commence production. Now is the time to pay attention to MTO.V shares as the current valuation should make upward adjustments to reflect forward discounted future revenues of Metanor as a gold producer with a solid expandable resource base in a mining friendly region.
The newly refurbished mill will be scaled into production this January starting at 550 TPD and then moved up to 650 TPD. The initial production for year one according to the company will comfortably be 35K ounces, but Mining MarketWatch notes that it is able to readily upgrade and tweak to 1000 TPD when appropriate.
With the issuance of permits now for their Batchelor Lake gold milling facility, it is clear sailing to commence production. Now is the time to pay attention to MTO.V shares as the current valuation should make upward adjustments to reflect forward discounted future revenues of Metanor as a gold producer with a solid expandable resource base in a mining friendly region.
The newly refurbished mill will be scaled into production this January starting at 550 TPD and then moved up to 650 TPD. The initial production for year one according to the company will comfortably be 35K ounces, but Mining MarketWatch notes that it is able to readily upgrade and tweak to 1000 TPD when appropriate.
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 and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.
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