Moneta Gold Inc Com MPUCF

Primary Symbol: MEAUF

Metals & Mining Industrial Metals & Minerals

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...

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Moneta Gold Inc Com

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Post by cre8valueon Apr 29, 2014 1:12pm

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Post# 22503057

RE:RE:RE:RE:RE:RE:RE:RE:LSG and ME

curve - Good follow up. First off, I think we all know the risk of a .10 stock. With that said, let's continue. I think that anyone who buys out LSG will first buy out ME. The reason why is because with Fenn Gibb and ME you have over 6 million oz with little spent on exploration. With exploration you will probably get 10 million oz. Do you understand the value of a call option on gold of a small junior with this many oz's? Any rise in gold and this takes off. The company buying LSG can just hold onto this forever waiting for the rise. As I have stated before I see this as a budding OSK. Yes, the strip ratio may be a bit higher but name 2 other juniors that come even close. How did OSK start off? Did it look like this? One more set of good drilling results will put this on the radar of many majors. So, what are the real risks of holding this stock? If gold goes down, don't you see more Goldcorp type movements to buyout good value companies? As far as I know they have nil debt so that is not a concern. Dilution? maybe but that allows them to do more drilling. What is your pick for the next OSK?

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