GoldStockMania.com

Yesterday, Metanor Resources [MTO, MEAOF] provided a news release on their much anticipated NI 43-101 report. Shortly after it was released, Metanor shares were literally pushed over a cliff. The share price fell almost 30%, thus giving many long term share holders a very nice hair cut and wondering WTF! Metanor’s VP Ron Perry in the news release below claims he does not understand why the market reacted so poorly to the NI 43-101 data. So in this post Ron, I would like to provide a few clues as to why share holders and the market is saying, “WTF.” There seems to be widespread disappointment with the results of the results of 43-101 and the market’s reaction to it. Read more…

Tomorrow, Tuesday 9-21-2010 Metanor is going to make known results of the Barry NI-43-101 resource update. The stock price could move substantially depending on how many ounces are there. It could be an exciting ride for Metanor share holders. I don’t know how many ounces will be announced but, I hope its at least 1 million plus. For more background on this Canadian junior mining stock, please see my Metanor Resources Trading Card.

Read more…

MiningMarketWatch.net recently sent an update on Metanor Resources, which is one of my top penny mining stock picks. Metanor has exceptional management, great upside potential, and is a gold producer. Cash cost per ounce should be around $US 500 per ounce. I don’t of too many new gold producers you can buy today with a 1Moz+ gold resource, targeted to produce 60K-70K ounces of gold per year, with a cash cost of just $500 dollars,  run by a great management team , and you can buy for about 50 cents/share. If you do, then please let me know. For more information, see Metanor Resources Trading Card for my complete review. Read more…

Here’ s a quick update on one of my hot penny stock picks, Metanor Resources (MTO, MEAOF.PK). Metanor is a one of my favorite Canadian mining stocks for a host of reasons I covered in my review of them on March 4th, 2010 in the Metanor Resources Trading Card.

This junior mining company executes extremely well and has poured over 30,000 ounces of gold! Their cost  will be in $450 range, thus making them a pretty low-cost producer. In their recent press release, Metanor continues to prove how well they are executing by doing what counts the most…. Producing more gold! Read more…

Website: http://www.metanor.ca.. Symbol: MTO.V | US routing symbol: MEAOF.PK

As you know, I prefer Canadian mining stocks to all others, so I was really excited about doing a review on this undervalued company. Metanor Resources is now one of my hot penny stock picks and definitely one of my top canadian gold stocks I own; with all of their projects being in the mining rich land of Canada. They are presently pouring dore gold bars at their 100% owned Bachelor Lake Facility in Desmaraisville Quebec. The ore processed is coming from the very promising Barry open pit ( see press releases for more info). Further, this undervalued junior mining company has undertaken a rapid expansion program, both at the mill and the underground at the Bachelor Lake Complex. Firstly, Metanor is proceeding with an ongoing mill capacity upgrade program augmenting the capacity from its existing 800 tpd to its targeted 1200 tpd expected before the end of this winter (2010). Further, the Company has begun work to enable mining underground at Bachelor Lake. This work is expected to be completed by July 2010. At that date, Metanor expects to begin producing approx. 70,000 oz/yr gold, whereby the mill will be operating at 1200 tpd. With a target share price of $3, penny mining stocks like Metanor are hard to come by. Read more…