this weeks 43-101 indicates, it's only one more step,................... the tip of the iceberg.
They're trying for a new Bachelor/Hewfran 43-101 this year (2010).
If you're in for the long haul you'll do OK. If you're swing trading to minimize your cost base, there will be many opportunities as Metanor goes through this transition
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Ron Perry :-
" We have imminent news on our 43-101 on the Barry property coming out and we’ll be updating the corporate presentation, after that we will really show people the blue sky potential on the Barry pit.............
" the pit is an anomaly but we have [several] other anomalies that are that big or bigger on our property................
"we have [the Barry property] close to 15Km in length, the Barry pit is only 1Km in length at present and is open in all directions still and at depth. …
"we’ve been using a lot of the funds that were suppose to go for Bachelor at Barry, but I think the investment is going to pay off when we show people the number of ounces we have at Barry.
" I think we could double that resource number that we are going to announce [next week] and then ......................
" if you put a 8000 tonne concentrator at Barry Metanor becomes a 150,000 – 200,000 ounce [per annum] producer in two years..........................
"Bachelor Lake property and Hewfran [which are adjacent to each other] – that has a historical 43-101 of ~300,000 ounces in 2005, .................... we are going to be updating that 43-101................ to get that out in 2010, before the end of the year is feasible and updating that, I think it will give Metanor a lot of ounces in its inventory. "
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So there you have it, the upcoming 43-101 is a start.