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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 > New Resource
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Comment by Tradernickon Jan 24, 2019 6:15pm
123 Views
Post# 29278418

RE:RE:RE:New Resource

RE:RE:RE:New ResourceI suspect there will be drilling campaign on the five (5) additional hot spots as revealed in the recent press release, while concurrently remodelling the former low grade resource of 4MM oz.  By then, further clarity of actual resources plus potential, and discussions with neighboring large cap and mid tier producers who will be in need of tonnage to run thru their operations, bringing operating leverage to them, and benefiting ME simultaneously.  

I anticipate a 75% reduction in the existing modeled capex figure of $600MM (to $150MM) by 'partnering' with those in the 'hood'.  This has a profound affect at take-out; using existing share count, should represent $0.50-$0.75/share. IMO
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