Moneta Gold Inc Com MPUCF

RE: RE: RE: RE: Observation Results on Negative Po

[whoa_rimcheese]

I was trying to figure who said 3.5 million, and didn't expect it would be nachochip. Personally, I think he is just being a jerk. Absolutely no way someone could figure much more than 2 million. 2 million is VERY optimistic in itself, but a reasonable threshold considering the amount of drilling completed.

The way I see it. For 2009, 2010 and 2011 (up to 3rd quarter), about $7.3 million plus $1 million in acquisition costs have been incurred.

As of now, there is about 520k 43-101 ounces in WJ, and 650k historic ounces in SW Zone, for 1.17 million ounces. S

So, it is really how much $8.3 million has gotten in the way of ounces.

Now - I must admit the company has run a very tight operation .....so little spent on promotional and travel and other administrative expenses. I guess you can't have it both ways. I like fiscal prudence, so bitching about presentations and new releases is somewhat contrary. It is actually such a positive sign that management really focuses the money where it belongs - on exploration. And the company is very good a raising funds, without excessive dilution. Management has performed very well in this regard. But, at the end of the day, management can't put the gold in the ground, so the results will have to speak for themselves.