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Moneta Gold Inc Com MPUCF


Primary Symbol: MEAUF

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

Bullboard Posts
Comment by dogwagon Sep 27, 2012 9:14pm
217 Views
Post# 20423097

RE: RE: Moving Forward

RE: RE: Moving Forward

ONE BIG PROBLEM!!!The strip ratio would have to be known as most of the reources have 100 meters of overburden to remove to get to the ore and a great deal of the resources would be below an open pit senario.300  to 400 meters is about the maximum depth of an open pit mining operation.They might find more gold though as they have lots of potential to expand the resource.Good Luck!!Low market cap at 40 million!!

Bullboard Posts