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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 whoa_rimcheeseon Feb 16, 2015 11:50am
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Post# 23433266

RE:RE:RE:RE:? 7 Million ounces

RE:RE:RE:RE:? 7 Million ouncesThey did NOT do a placement in the fall of 2014. As of September 30, 2014 they had 500k in cash. Without exploration expenses they have a low burn rate, but to advance any further they will have to do a placement. A year of G&A and salaries will use up what they have.
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