OTCQX:MEAUF - Post by User
Post by
Kapboyon Feb 07, 2013 11:14am
211 Views
Post# 20952262
I was just doing a bit....
I was just doing a bit.... of math in my head. When the Moneta announced that the company will engage in a 50,000 meter drilling program in 2013, here is what I came up with. 50,000M/400m=125 holes. (I chose 400M, as that has been the average lenth of there previous drill cores).
The landscape on the Moneta property will look like Swiss Cheese by the time drilling is completed. Given the large number of holes to be drilled, and the amount of time available, I would think that 2 or 3 drills will be used. Helps when you have $10 Million to help pay the bills! Mr. Aubertin will be focusing on the sweet spots.
Spring/summer will be interesting when the results start coming out. As Ian stated, we are undervalued. ME currently has a PEA with over 4 M/oz of gold. After the current campaign is over, this could be expanded to +10Million oz.
Comments
Kapboy