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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 whoa_rimcheeseon Mar 20, 2014 12:23pm
161 Views
Post# 22346583

RE:RE:Me is very bad at this time...

RE:RE:Me is very bad at this time... What we saw the past few weeks here was typical irrational exuberance - with price predictions and unrealistic expectations forming. The last news release and drill results were fantastic for the company, and if anything add some security and improved future prospects. Not sure why everyone now things that "outstanding" drill results are a given.....there is a probability that we just saw the best we will see for drill results. We don't know for sure. That being said, this is another opportunity to acquire stock with the expectation that the gold price will recover and that upcoming news of drill results and 43-101 contribute to a more fulsome picture that this project has high potential of being economic. Another news release of very good results will give a pop (an even bigger pop if gold price is climbing at same time), but the real payday is medium-term where there is growth in the grade and size of the resource and the likelihood of a take-out increases. I have seen many people take 25-50% gains off the table (sometimes appropriately based on their investing strategy) only to miss on the many multiples of growth. Just never know which project becomes the "it" project - Moneta is still a long way off from that otherwise it would already be 50 cents.
Bullboard Posts