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Moneta Gold Inc Com MPUCF


Primary Symbol: MEAUF

Metals & Mining Industrial Metals & Minerals
Moneta Porcupine Mines Inc is a gold exploration company. The firm holds land in the Timmins Gold Camp including a joint venture with Kirkland Lake Gold Corporation. The company's flagship project, covering the Golden Highway and Garrison Gold Projects is located near Timmins and hosts a total indicated resource of 3,967,000 ounces gold contained and a total of 4,399,000 ounces gold inferred. Preliminary economic assessment studies were completed on the Garrison open pit resources and the...


OTCQX:MEAUF - Post by User

Moneta Gold Inc Com
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Comment by TedOwenson Dec 16, 2013 1:48pm
181 Views
Post# 22010616

RE:Possible takeover ?

RE:Possible takeover ?Moneta is no take-over target at this point in time. It's gold resources are largely low grade scenarios and are not intrinsically cost effective at levels which would be anywhere even close to being economic in todays market. Brigus Gold is the subject of a take-over scenario and its "high grade" Black-Grey Fox mine model is the reason why even though it has less resource than Moneta.......... Moneta is not investment grade at this point in time and unless some very significant high grade model returns are introduced, it will be a yawn outlook for a while yet.
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