OTCQX:MEAUF - Post by User
Comment by
TedOwenson Oct 08, 2014 4:18pm
392 Views
Post# 23011759
RE:money
RE:moneyAccording to the most recent cash balance on display within the June 30, 2014 financials the company has $715,640 with another couple of hundred thousand in less liquid formats........In essence this is a fraction of what would be needed in order to develop any of the existing gold resources scenarios towards production considerations.........While Moneta claims it has about 4,000,000 ounces of resources to promote, the vast majority of it is in non money (non reserve) categories and thus cannot be viewed as an asset class which represents economic viability towards the companies bottom line........Unfortunately small low grade deposit model settings are not readily getting any money to develop them in the current market so unless some higher grade news comes out of the holdings numerous challenges still abound for the company and more importantly, the investors who are caught in a quagmire as a result........