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Montero Mining and Exploration Ltd V.MON

Alternate Symbol(s):  MXTRF

Montero Mining and Exploration Ltd. is a Canada-based mineral exploration and development company focused on making mineral discoveries in Chile. The Company's Avispa Copper-Molybdenum Project (Avispa Project) is located in the Atacama region of northern Chile, west of the town of Calama and 220 kilometers north-east of Antofagasta, Chile's largest commercial deep-water port. The project is connected by asphalt road to the ports of Tocopilla and Antofagasta. The Company has approximately 459 square kilometers of exploration mining concessions in an almost contiguous area south of the main highway between Calama and Tocopilla. It is involved in an international arbitration dispute for compensation for the expropriation of a Wigu Hill rare earth element project in Tanzania and against the government of Tanzania.


TSXV:MON - Post by User

Comment by Goldnboy1on Dec 27, 2020 3:53am
70 Views
Post# 32184687

RE:RE:RE:RE:RE:RE:Re-Rate Mode: Engaged

RE:RE:RE:RE:RE:RE:Re-Rate Mode: Engaged

Hard to tell in this moment. We as shareholders need more info to calculate that.

Odds are late January to mid February the program will be complete. Even if drills started a few days ago. They would not drill in the holiday week. Lots of tear down and set up on 20 separate targets. 

Add in 5-10 week wait in assays from point of conclusion. Ball park guess if I had to have it. Maybe in March/April at the best.

Companies used to pay for rush results. But few do this in today's market. So it just is what it is.

That being said with the developments of this week. Being that our project is bounded to an active privately owned gold/silver mine. Whether the assays come fast or slow, odds are we are going to see some significant discovery hits with this one! 

Wildcard: If the ground with the mine vends into the Isabella project has exciting numbers at all. All bets are off. With a share structure this tight, we are primed for a monumental price appreciation in this circumstance. This is obviously a circumstance that I am hoping for a ton!

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