The Investment Doctor
Long/short equity, value, debt, base metals

Metanor Resources - To Consolidate Or To Be Consolidated

(Editors' Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.)

Executive summary:

  • Metanor Resources is in production at a rate of approximately 50,000 ounces of gold per year.

  • Streaming deal with Sandstorm Resources validates the value of the mine plan.

  • Underground projects in Québec often reach depths of 2,000 meters. As Metanor is currently working at just 800 meters, there's a lot of 'blue sky' potential at depth.

  • The Barry open pit project has a resource estimate of almost 800,000 ounces with less than 1/10th of the strike length explored.

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Introduction

In this article I'll have...

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