After conversation with my bullion dealer contact this Saturday afternoon I can say with confidence that the new normal (business activity-wise) at retail bullion dealers, a month after the mid-April precious metals smash-down, is consistently about 40% higher for silver sales and 300% higher for Gold. I’m telling you, there is no lack of appetite for actual physical Gold! Metanor is in the alternate currency manufacturing business and will be a target sooner than later imo...
 
Like I said before, Metanor shares are a steal here, new $ put to work here in MTO could easily see a 100% appreciation within a few months imo as the Company works through the development to steady-state (these things take time, OSK took over two years to get theirs working) and then make a push for higher levels. Fund redemptions will be a thing of the past soon imo and weak hands will have been pushed out (rotating to strong-hands here). I think we will start to see some takeover chatter in the region as the market caps of MTO and others that have similarly been smacked-down are ridiculous here. An offer for the outstanding shares of MTO at $0.20 ($46M market cap) would be scoffed at by many and $0.20 will be a dream bid. -- you can get MTO for close to 10 cents ($23M market cap) -- they have resources and infrastructure worth several multiples the current market cap.
 
I laugh at people posting about the 2011 engineer report of cash-costs, obviously cash costs (direct -- not all in) will be up closer to $700  or $800 for that type of high-grade chasing/following operation. Let MTO do its job and develop it right, certainly by the middle of summer the worm will turn and all the development work and tweets will reveal steady-state is in place (when working with stopes you need 3 or 4 sources simultaneously being worked to average out the development - MTO only has one and two in the works (with one being only (according to last press release) expected to be hit this May -- so those numbers will not show until July!!) -- this is load up period for the smart investor. The numbers we saw in February will be the norm in late summer and the push to tackle above 4000 ounces a month will happen.