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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
Post by Ruxtonson Nov 17, 2016 8:26pm
333 Views
Post# 25478412

4.4 million AU ounces and drilling for much much more!

4.4 million AU ounces and drilling for much much more!I have followed Moneta for over a decade and yes, we are still waiting for a large
takeover offer that adequately values the ounces in the ground.  To Mgt's credit they rebuffed several lowball offers earlier in the year.  
The Ceo to his credit wants full value for the company.  I believe this recent aggressive 
Precious metals downturn will be short lived.  This stock remains one of my favourite  leveraged 
plays in the gold sector.  With a 40k meter drill program underway and super strong
gold price fundamentals present ,ME is a superb buy at current levels, even based upon the company's present gold resource.  Many hundreds of thousands of ounces, maybe even
a million or more ounces could possibly be discovered and added to the current robust resource, as Moneta has very prospective properties in the heart of prolific gold belt. I am a very biased long who has been continuing to add while these shares remain on sale. GLTA.

Bullboard Posts