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Montero Mining and Exploration Ltd V.MON

Alternate Symbol(s):  MXTRF

Montero Mining and Exploration Ltd. is a Canada-based junior exploration company focused on finding, exploring, and advancing gold, silver, and base metal deposits in Chile. The Company has staked approximately 476 square kilometers copper-molybdenum exploration concession in northern Chile. Its Avispa Copper-Molybdenum Project (Avispa Project) is located in the Atacama region of northern Chile, west of the town of Calama and about 220 kilometers (km) north-east of Antofagasta. The Avispa project occurs within the north-south trending Paleocene Porphyry Copper Belt, which is also termed the Sierra Gorda-Spence-Cerro Colorado Porphyry Copper-Molybdenum Belt. The project area is 40 km north of BHP’s Spence Cu-Mo mine, 50 km north of KGHM/South32’s Sierra Gorda Cu-Mo mine, and 50 km west of Codelco’s super-giant Chuquicamata Cu-Mo mine. It also focuses on the Talca Gold Project Area and the Wigu Hill rare earth element project.


TSXV:MON - Post by User

Comment by BueBoyon May 09, 2018 5:27am
156 Views
Post# 28002677

RE:Perspective

RE:PerspectiveIt's an exploration play based in Africa so plenty of risk, but I like what they have and also the management team looks up to scratch with plenty of insider investment. They have just raised C$825,000 which is short of what the wanted and at a lower price but they got these funds without using brokers which indicates to me that those who have invested include professional investors who know what they are doing and must like what they see. I hear they want to minimise dilution and just raise what they need and raise more at a higher price later. We'll see.
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