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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

Comment by frances1on Dec 08, 2020 7:50am
238 Views
Post# 32056236

RE:Fireside chat with Tony Makuch at the Scotia Mining Conferen

RE:Fireside chat with Tony Makuch at the Scotia Mining ConferenCertainly if Newmont and KL renew and revitalize the mills (Holt and Holloway) the additional feed that ME can provide is accretive even if they paid $150M for ME.  Based on our current PEA, 70,000 ounces per year with a net profit of at least $1000 per ounce would be $70M a year over a lifespan of 7-10 years min....they have the mills already and trucking is an easy option. So along with that comes the JV property for KL and upside potential to drill with lots of cash. Things looking a litle more positve for sure.
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