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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 > RE out in Q1 2019
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Comment by MaxByrneon Jan 11, 2019 10:38am
112 Views
Post# 29218309

RE:RE:RE:RE:RE:RE out in Q1 2019

RE:RE:RE:RE:RE:RE out in Q1 2019Your calculations are sound. I agree with your valuation. The unknown variable is McEwen. ME, or whoever owns it, must come to an agreement with McEwen to process ore at Black Fox. It's anyone's guess what McEwen will do. In his mind, is he better off owning ME or is there more for him if he agrees to process material through Black Fox? O'Connor, McEwen and Sprott all know each other. Peres doesn't have a relationship with McEwen. McEwen likes to buy things cheap if he can. Will O'Connor arrange a cheap buyout of ME for McEwen? 30 cents? If the price is low maybe he can take care of his group in a different way on another deal in the future? Will Peres's group agree to 30 cents? Not likely. But they may take 40 cents. Maybe? Both groups are waiting for the final numbers but most likely they already have a pretty good idea of what those numbers will be. Bottom line is boardroom politics rules the future of this company so normal methods of valuation will most likely not apply in the event of a buyout.
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