RE: RE: Price of gold, as I type, is ramping up... If you do some DD on this company, you will notice the new CEO Ian Peres, took over 3-4 yrs ago when the company had only 500k ounces. They now have over 4M with PEA comparable to one put out by Rainy River last year. RR now has over 8M ounces, and no doubt a new PEA would reflect this, but this is a company worth almost $500M (and back when the PEA came out was worth a lot more).
The company has gone nowhere for years and years because the management sat on their hands---Peres holds 5M shares with the CFO holding 2M and counting (still accumulating) and are clearly doing more than sitting on their hands.
The company is not widely publicized, and is well off the radar screen of most portfolio managers who would hold comparable companies such as PRB, GCU, RR, PDG (pending AR acquisition at $55/ounce), TRR (now IMG).
So in not-so-short, there's your answer.--- MONEY FLOWS. Moneta has not yet hit the radar screen of those who control the money, but they are on their way---when they pick up some analyst coverage, the portfolio managers will take notice; why pay $30-80/ounce when you can buy the same story down the road for $10