MTO, Big Summer Ahead?

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As goldspinner has pointed out, the drill is spinning and MTO has the only commercial mill in the Windfall camp. Would not be surprising if these guys got taken out at some point.

 

I am keeping a watchful eye on their Barry project as 3 surface drills are currently targeting 3 high grade zones… on top of the bulk sample which is on pace to be completed by Q4 of 2018.

Great float, big fish shareholders and solid treasury = exciting times ahead.

Will be interesting to see how this summer goes.

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  • Edit

    Pressure on the area to consolidate will be to an even higher level in the next 2 weeks when Osisko OSK releases their updated resource...

    BTR will not be left out in the cold....could they warm up and bundle together with MTO?

    Is KL Kirkland Lake Gold going to have a say in the consolidation in the area.

    Will OSK merge quickly or will they stand out in the cold with their huge about to be announced updated resource WITHOUT a mill.

    MTO is the Ticket in my books....no gold bars without MTO and its MILL...

    The big institutional investors are talking #'s behind the scenes...

    Their agenda will begin to unfold for us to see shortly....

  • Edit

    Well, it would cost a fair amount for another player to permit and build a mill for starters...

    2) for where MTO is trading, it would be easier just to pay a x5-10 multiple as the stock is trading extremely cheap like the entire exploration space. Big sales out there right now.

  • Edit

    Agreed TimminsBoy62.  Osisko has with the NR stated for the 2nd time the possibility of building a mill at their "proposed site"  near  Lebel-sur-Quevillion 108 km away.   The combined resource would be closing in on 3.4 million ounces give or take (windfall alone alittle shy of 3 million)  and possibly shifting above 4 million later.  Important is all the planning, permits, time $$$$, and realizing the simplicity of the existing MILL which MTO has.  It is presently capable of 800tpd, can be upgraded to 1200tpd for $4 million...and is putting the feelers out for public consultation, the possibility of expanding it to 2400tpd...

    Did everyone take a look at the OSK updated estimate put out today?

    And the OSK new presentation on their website?

    Everything is still moving toward a consolidation of the area.

    BTR has made no bones about the fact it is setting itself up for consolidation.  And MTO is right there as well.  There is so much expansion going on that if you have not been following MTO, you will not think anything of it with its low share price.

    Again start adding the potential #'s here...use some imagination now after seeing OSK #'s...the new emerging district is staggering.  Friendly mining district, financing, GOLD, MILL, infrastructure....Capable and experienced Geologists...

    This is going to happen, no matter what any bashers on other boards, say...

    Later in the year MTO will complete its 50000t bulk sample underground at Barry.  MTO is presently concentrating drilling near and around the intersecting structures at Bachelor/Moroy...Gold...

    KL is strategically invested in both MTO and BTR...

     

  • Edit

    Tick Tock Tick Tock,  it is going to be one huge mining block....

    one that the separate entities,  OSK, BTR, MTO are already extensively drilling around the clock...

    Do not listen to any bashers talk...

    Consolidation will move the stock....

     

     

  • Edit

    OSk share price faltered 25% yesterday, with a small rebound regaining some of the losses today.  Inferred gold was too high in relation to indicated resources.  The grade  also came under expectations.  The number of m drilled to bump up 1.3 million ounces seemed a lot for some to swallow, being heavily in the inferred side.

    If OSK moves ahead with their proposed mill, there will be definitely time  and $$$$ with that direction.

    MTO on the other hand is well on its way.  Spending money wisely... Easily upgradeable MILL,  friendly neighbour (BTO) who is dreaming of a mill to use and a deal to be made.

    KL is strategically invested in MTO and BTR...

    I attended the slick BTR presentation yesterday at the IMIC  in Vancouver.  BTR is set up for consolidation with their updated resource toward end of this year...

  • Edit

    Middle and large tier gold producers are always  steps ahead in planning for consolidation.  They are looking ahead to add to their total resources as other mines are depleting.  Continued exploration at existing mines help mitigate this decrease in resources as they are extracting the ore...

    Even their consideration of gold price is on a moving forward basis.  Many deals are done behind the scenes without telegraphing the imminent merger, or acquisition deal...

    Tell tale signs may include change of management or directors, on either side of the deal...

     

  • Edit

    Last year John Kaiser used Osisko Mining along with Novo Resources as his stars.  At the MIF in Vancouver today both were mentioned by him in a slightly  negative context. (He covered his tracks with novo saying if it turned into a successful large open pit play, KL could absorb novo)...(funny KL linked to both btr and mto)...

    Yet, most people see the gold still in play in the urban barry windfall district.  It is just so much hype went into OSK and the sheer volume of drilling going into this updated estimate.  (next march their may be an update on OSK)...

    BTR and MTO are both busy and will give decent updated resources by the end of this year....and btr fresh off the 70% option for some bfd claims...

     

  • Edit

    I will not be flying from Vancouver to Toronto for the AGM on the 18th.

    It is a great opportunity for any MTO shareholders to go and listen to management's view on its direction for the company for the remainder of the year and moving forward.  And of course, to participate in the voting as an MTO shareholder.

    June 18, 2018, at 13:30 at the Royal York Hotel, located at 100 Front St. West, Toronto.

    The board of directors would like all shareholders to be present at the meeting. However, shareholders who are unable to attend the meeting in person are urged to complete the attached proxy form and return it to Computershare Investor Services Inc., or vote by telephone or using the internet as per the instructions provided in the Form of Proxy. Proxies to be used at the meeting must be returned to Computershare Investor Services Inc. before 17:00 on June 14, 2018.

     

    Aumonster, if you are able to attend or any other MTO shareholders in the Toronto area, it would be very worthwhile.   Easy access, even by subway without any concerns about parking.  Enjoy.

    I have been to conferences in Vancouver area 4 days in the last couple of weeks.  That is enough for now...ha ha...

     

     

     

  • Edit

    MTO continues to impress...

    https://www.juniorminingnetwork.com/junior-miner-news/press-releases/494-tsx-venture/mto/47466-metanor-intersects-19-1-g-t-au-over-3-6-metres-at-the-bachelor-mine-down-plunge-of-main-vein.html

  • Edit

    check mto sedar filings...

    MTO very busy drilling last 3 months, and will continue.

    Moroy access will allow more feed to compensate for the exploration phase that resulted in less ounces generated last 3 months.  They are set for huge growth and will soon feed 800tpd from the current roughly 500tpd...This will result in lots more gold...Consultations for expansion to 2400tpd...

    MTO is utilizing vision and expertise of the new management to create maximum value for its future...which lies in becoming an integral component in consolidating the urban barry windfall gold district...

  • Edit

    There a few interesting plays tbh...

    $OSK is clearly the gorilla. With a disappointing estimate but active drill program still could kick some significant upside...

    $MTO is in my opinion the most stable... producing asset to reinvest into exploration really desrisks things and allows the company to aggressively explore to create value.

    $BTR is another potential gorilla as they have some big time shareholders, and are conducting an extensive drill program this summer to build out their deposit.

    $BFD recently  did a JV with $BTR to option the majority of their package in the Windfall area... market did not take it well as share price went down but provides some flexibility as they have more cash and someone with deeper pockets can try to prove out a resource.

    Most recently $MKR... they conduced a airborne over their property in the windfall district... founded a interesting potential VMS system running smack in the middle of the property.. will be interesting to see what happens.

    Anyways, lots of interesting moving parts in the area!

    Have a great weekend folks!

  • Edit

    Not sure of your statement...do you understand the value of a mill?  Do you realize BTR and OSK do not have one?

    Are you suggesting they cosy up and wait for years for OSK to build one at Lebel-sur- Quevillon?  Or only osk  by themselves, and wait for years..and btr wait for ??

    You may have left out the beautiful fish with a MILL...

    Just a thought...

     

     

  • Edit

    For MTO shareholders please make use of vote today, if not completed yet.  It just take a few moments online.  Visit the website and input the control number provided in your package...Just takes a minute to input your choices and can receive a verification of vote by email.

     

  • Edit

    MTO and BTR has something more in common...trading halt...ha ha...

    http://www.4-traders.com/METANOR-RESOURCES-INC-6498972/news/Metanor-Resources-IIROC-Trading-Halt-BTR-MTO-26778098/

  • Edit

    The interesting point regardless of Monday outcome is that the backers both companies can have the unusual benefit of controlling their destiny more outright.

    If these 'moves' can be attuned to a chessgame,  the $$$$ backers have ownership in both players.  They are having sway over the movement of the board.  Which pieces are taken and exchanged for another.  And even as important, timing.

    So again, the long game here is the consolidation of the new emerging urban barry windfall gold district.  And the beneficiaries to the max are the financial backers, who are engineering the game play in the background.  We as shareholders with MTO will gain more than once in this district consolidation.  We win in our own game with what we can control.

    Choosing the right horse(s)...and before the gates are closed and the race begins.

    Bets are in...

    You cannot make a bet in a horse race once the race is over, only wishing what could have been.

    So if Monday is not something of a completion, then obviously it is a wakeup call to be in the game.

    Positive outcome regardless of the details tomorrow.

    Everything is in motion...

  • Edit

    Try to visualize where MTO stands at this point.  The only player in the area with a MILL (expandable).  Heavy $$$$ backers.  Pouring Gold Bars.  Costs coming down.  Production going up.  Containing the Mill >>> KEY to the other players in the region.

    This year is going to be mindblowing.  50000 t underground bulk sample at Barry.

    Increasing feed to the mill through accessing Moroy underground.

    Updated resource estimate later in the year.

    There is no doubt MTO will be an integral component in the consolidation of the urban barry windfall gold district.

    Happy Monday....

  • Edit

    http://www.proactiveinvestors.com/companies/stocktube/9583/-big-year-for-bonterra-resources-as-the-company-releases-high-grade-gold-intercepts

    http://www.proactiveinvestors.com/companies/news/198816/bonterra-resources-rallies-on-high-grade-gold-intercepts-at-gladiator-gold-project-198816.html

  • Edit

    Checkout the volume on the run up in MTO share price this morning.

     

     

    V:MTO - Metanor Resources Inc. - http://www.metanor.ca
    12:02:00 EDT

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  • Edit

    778000 MTO shares traded so far today...$500000...

    Does that not show interest?...

    MTO up 20%...

    BTR shareholders do not fret...Upon LOI completion, this value is coming to you to combine with yours...And you will have a mill.  And we will have new BTR shares...

    WIN WIN...

     

  • Edit

    I gotta be honest, was disapointed with this... MTO was worth much more imo... don't understand the logic.. BTR will prob roll back now, any other thoughts?

  • Edit

    Aumonster>>you are correct about MTO worth.  Now try this perspective in taking a look at things as they stand.  Yes the LOI has been handed out and it seems at quick glance that MTO did not get it value rated at multiples of the $78 million it was given.  On the other hand, who gobbled MTO up (made a combination with) BTR is lso undervalued at the moment.  In a couple of immediate ways.  First, it has not had an updated resource since its 273000 ounces of gold years ago on a very tiny footprint.  Now, that footprint is grown immensely with a huge strike length, with great depth.  And secondly share price is much closer to its 52 week low than its 72 cent year high.  And BTR does show great promise.  Furthermore, preliminary metallurgical testing has been completed with huge success, showing high recovery rates...

    Point is, if it was KL which had taken over MTO at this stage, then you would understand that KL just finished an impressive share price run of 400%...

    With BTR and MTO as a present combo, much space is there for growth in terms of share price setting up for the big payoff this time around coming up, rather than what you were thinking of now.

    Hope that clarifies our moment of time as MTO shareholders.  The lift in share price is a vote of confidence in MTO 14 % with high volume.

    Some BTR shareholders were scratching their heads wondering what happened and why their share price did not experience similar vibes in trading after resumption.

    In the end, we are rooting for the same team...new BTR.  With an expandable  MILL, and huge reserve updates coming out later in the year.  Also Barry will impress with its 50000 t underground bulk sample , no doubt.  Many activity on all fronts.  Keep in mind BTR has $32 million cash on hand even after allowing $7 million for the separate spinout of Larder Lake property which will be a benefit to current BTR shareholders.

    So believe me, there is give and take here.  The new BTR is definitely a force to be reckoned with.  It will generate the payout we are all hoping for when it is taken out...

    Lastly for now.  also remember MTO shareholders get 1.6 BTR shares for each MTO share upon completion of the LOI, after shareholder voting at both ends...

    Hope that eases the pain of earlier expectations....

    Aumonster, you have been watching the area from different perspectives for awhile now.  There are many shareholders of either MTO or BTR who are stumbling at the moment with little knowledge or due diligence of the other side...

    Things will work out for both sides next round....

    Production numbers after a year will astound everyone is my belief.  And that means lots of gold bars....

  • Edit

    And the financial backers in this new exploration development company are the same, since they were already on both sides of the equation.

    Just think of the new combo as the new  MTO on steroids, more land, more gold....more cash on hand...impetus for growth...

  • Edit

    Another thought came this morning as I watched the LOI news of Dalradian Resources to be acquired for its property in norther Ireland and its 3 million ounces of gold there.  If the deal closes, it is at alittle over 60 % premium on share price, and have scene the bids react way up before trading today...

    Very much apples and oranges, but I did notice they have 355 million shares....

    They were trading 91 cents yesterday...today likely closing that gap toward the $1.47 offer/share.  And the total value is $537 million...

    Value BTR + MTO = ?  ha ha...(after updated resource estimates)(updated Mill)(50 000 t underground bulk sample at barry)(increased production)(reduced costs)

    Remember, Eldorado Gold bought out Integra just over that range(and there was also a mill)...hmmm...just threw that in to give value of gold property in the same rough area as BTR/MTO (rather than northern Ireland)....

    1.6 BTR shares / 1 MTO share if deal goes through...