OTCQX:MEAUF - Post by User
Comment by
Tradernickon Dec 26, 2015 9:22am
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Post# 24413248
RE:RE:RE:NR - Moneta Completes Financing
RE:RE:RE:NR - Moneta Completes FinancingThe commercials this past week have just gone long for the first time since the fall of 2011. Wall Street will begin to front run the gold trade in Q1 2016. ME is currently trading for ~ $6.50 per oz which is ludicrous. At $1700 CAD, the project's value should double. $0.75/share is a conservative estimate for year ending 2016, which is only 11% of the revised NPV of the project (ie. $1.5 billion).
It should trade at $1.25, conservatively, at CAD $2000, making it a 10-bagger from here.
GLTA.