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 May 07, 2014 1:36pm

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Post# 22534443

RE:RE:RE:RE:Moneta's Golden Highway Ranks 207th

curve- Every project has problems. Those large projects have massive capex. I think it is most important to look back at what stopped the gold bull in the 1970's. Volcker did it with 20% interest rates. That's stopped it dead in it's tracks. The problem today is that can never happen. The debts are so great the interest would be not be serviceable. Last year took 900 tons from the ETF and they were shorted, dumped and ended up in the east sold at a premium. Continue this and the ETF goes to zero. Sooner or later that stops. When the gold bull awakens, the juniors will get another run.

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