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...

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Moneta Gold Inc Com

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Comment by Tradernickon Dec 26, 2015 9:22am

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Post# 24413248

RE:RE:RE:NR - Moneta Completes Financing

The 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.

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