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Jay Taylor Classifies Metanor as an "A-Progress Company" with Doubling in Share Price

New York, NY (PRWEB) April 2, 2008 -- In the Q1 2008 Jay Taylor's Gold and Technology Stocks Newsletter analyst Jay Taylor initiated a "Buy Recommendation" to his clientele/readership for Metanor Resources Inc. (TSX-V:MTO)(OTO:MEAOF). Jay Taylor followed up with an in-person interview with the management of Metanor. A review of Jay Taylor's opinion and of the interview, along with a copy of the transcript, was prepared by Precious Metals Review and is available through Market Equities Research Group's website.

The full Review/Valuation Synopsis with chart may be seen at:

http://MarketEquitiesResearch.com/JayTaylorMTO2008.pdf

Metanor Resources Inc. is a new, debt free, unhedged, gold producer in mining friendly Quebec. Metanor's 100% owned 1,200 (upgradeable capacity) TPD mill in Desmaraisville (Val d'Or) is now being scaled into full production. Production in 2008 should conservatively come in at 25K oz of gold and ramp up from there to 65k oz in 2009. Ore extract is coming from their 100% open pit operation on their Barry gold deposit (located approximately 100 km southeast of the mill).

The intrinsic value of MTO.V is an outstanding opportunity for investors getting involved now and certainly justifies a significant upside share price adjustment. Their gold milling facility has a replacement value of $100M+ and sits geographically as the only mill located within 200 km in a gold rich district that possesses resources exceeding 1.5M oz. MTO has a readily expandable resource base (current combined total is ~1M oz Au); 300,000 ounces on the Bachelor Lake Property, 450,000 on the Dubuisson Property, 100,000 (historic) ounces on the Hewfran Property, and ~200,000 oz on the presently ever expanding resource of the Barry deposit which Metanor is currently mining and continues exploring.

Excerpts:

1) Analyst, Jay Taylor: "In our newsletter we have companies we call "A" progress companies - those are companies that are in production... quite frankly given the current price of your shares I think there's a real good chance we could see a double in your share price..."

2) Analyst, Jay Taylor: And your grade is 7 to 9 grams per tonne. So I guess the economics work alright, what is the cost per tonne?

Ghislain Morin, President MTO: "Right now the cash cost is $310 per ounce."

Analyst, Jay Taylor: "So if you have rock that's worth, you know - carrying a 1/3 of an ounce or thereabout of gold - then it can work pretty good, especially at $900 gold..."

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

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