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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

Post by frances1on Mar 29, 2020 5:00pm
206 Views
Post# 30858099

KL interest?

KL interest?interesting that Eric Sprott bought in and Kirkland Lake has three mills in the region, Holt being the closest I think and very efficient up to 300tp/day. They have less than 1.5M ounces in reserves PandP so at what level of resource does ME need to ahieve to make this interesting for them. Certainly at $2300 cad per ounce the economics are strong. Perhaps something to be learned from PAAS not selling their Timmins gold operations means something for the area. I have owned this before but might step back in now. Such a small increase in shares for KL, even if they offered a couple million shares that would be a significant premium for ME. 
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