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Metanor Resources Inc.

TICKER: MTO:TSX.V

Metanor Resources Inc. is a new Canadian gold producer located in the mining-friendly, prolific Abitibi Greenstone area in Quebec. Its flagship Bachelor complex reached commercial production on December 1, 2013, and is ramping up to 50+ Koz in CY/14 with a cash cost of US$766/oz. The company has ongoing exploration success for resource and mine life expansion.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Thibaut Lepouttre, Caesars Report (4/10/14) "Metanor Resources Inc. has announced more drill results from its underground drill program at Bachelor Lake. . .drilling has now confirmed the A vein (which was encountered during the construction of a development drift) is extending between levels five and six. Of interest are the intercepts of in excess of 10m grading 9.5 g/t and 4.6m containing over 0.5 oz gold per ton of ore."

The Gold Report Interview with Jay Taylor (4/9/14) "Metanor Resources Inc. is finally coming into its own. Its Bachelor Lake mine has begun commercial production at 4.5 Koz per month. In addition, Metanor has the Barry project, which gives it real blue-sky upside. That's an open-pit, very large, low-grade, bulk-tonnage target in which Metanor has already established a fairly decent resource. . .I think we could be looking at something in the order 1.5 Moz ultimately." More >

Thibaut Lepouttre, Caesars Report (3/25/14) "After reaching a high of CA$0.27 just two weeks ago, Metanor Resources Inc. is currently trading at just CA$0.17 for a total market cap of CA$45M, which is low for a company that is producing at a rate of more than 50 Koz/year gold (40 Koz attributable to Metanor). . .as the company continues to find more mineralization at depth, the Bachelor Lake mine life will very likely be extended by several years."

Market Equities Research Group (3/21/14) "All signs at Metanor Resources Inc.'s Bachelor operation bode well for the future: 1) Current mining operations are efficient and future performance appears relatively predictable as a steady-state operation, 2) Operating costs are relatively low by industry standards, 3) Exploration drilling has been highly successful, 4) The operating team at Bachelor has an excellent understanding of the shape and orientation of the veins, which now facilitates relatively low risk exploration for additional resources, 5) Recent successes show strong potential for a doubling or tripling of resources in 2014 and 6) There is strong potential for growth through acquisition."

Mining Market Watch (3/19/14) "Metanor Resources Inc. has two projects of significance (Bachelor and Barry) that together many believe will take the company to near midtier producer status (between 150200 Koz/year gold) within a few years. The time to pay attention is now, while Metanor is trading at a fraction of its infrastructure value and closing in on its gold production targets. . .the company possesses large, organic resource growth potential and has the only mill located within 200 km in a gold-rich district. . .Metanor provides an ideal vehicle for investors seeking exposure to precious metals."

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Thibaut Lepouttre, Caesars Report (3/14/14) "Metanor Resources Inc. has produced 4,234 oz gold (at an average head grade of 7.31 g/t and a recovery rate of almost 97%) in February, which once again means the company has reached a very steady production level. . .additionally, Metanor has announced it has extended the main vein almost 250m below its current infrastructure, as it intercepted 2.9m at 6.23 g/t (with a true width of 65%)."

Jay Taylor, Gold Stock Trades (2/12/14) "Metanor Resources Inc. has now achieved commercial production from the high-grade underground Bachelor Lake mine. . .it is on target to meet or exceed its 50 Koz/year target. . .longer term, the company's Barry Lake could be a real company maker. That is an open-pit target with multimillion-ounce potential. . .it is not difficult for me to see a five- to tenbagger with successful execution and an improving gold market."

Lawrence Roulston, Resource Opportunities (2/3/14) "Investors coming into Metanor Resources Inc. now benefit from a decade of efforts from a highly experienced management team. The accomplishments of the last decade have not been reflected in the share price, as a result of the present state of the markets. . .Metanor is well positioned to deliver early gains for investors. The ongoing ramp-up in production will add further momentum, with the other projects providing a potential bonus for shareholders."

Florian Siegfried, Precious Capital AG (1/20/14) "Metanor Resources Inc. is gradually ramping up its Bachelor mine in Quebec. . .the company has seven exploration and definition drills turning, mostly at Bachelor, and we anticipate ongoing exploration newsflow. With current gold resources of 1.6 Moz, declaration of commercial production last November, sound exploration potential and financial backing by Sandstorm Gold Ltd., we regard Metanor's current market cap of $50M as incredibly cheap."

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