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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...


OTCQX:MEAUF - Post by User

Moneta Gold Inc Com > RE out in Q1 2019
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Comment by tomgraniteon Dec 03, 2018 11:25pm
144 Views
Post# 29058670

RE:RE:RE:RE:RE:RE:RE out in Q1 2019

RE:RE:RE:RE:RE:RE:RE out in Q1 2019There was a rumour on this board  couple of years ago tht Moneta refused an offer of 50c a share. I don't know if it was true or not, but it does give an idea of a bottom line for offers.

There are a couple of scenarios other than a quick buy out.

Firstly an interested major could come in on a JV and spend their money on progressing the project with more drilling and an updated pea.

Secondly, Moneta could do a financing and progress it themselves. A major could take a 19.9% stake and have a seat on the board and bring their own technical staff in to direct the drilling campaign.

We are lacking a bulk sample and I don't recall seeing anything about metalurgical testing. Both will limit a buy out offer. If we had a PFS (long way to go IMO) then I'm sure a good offer would be forthcoming.

SP crept up 0.5c on each of last two sessions, it's not much but it is a step in the right direction.
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