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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 Jan 18, 2021 5:11pm
74 Views
Post# 32322581

RE:Stockhouse should update

RE:Stockhouse should update

Very few sellers down here. 

A little weakness related to small trading hands I'm sure. I see people who lack patience all the time make bad moves that cost them in this market. 


The company is in discussions with Forestal Arauco S.A. according to the technical report. Forestal is a big deal. They are the biggest logging, pulp, paper, and wood companies in Chile. One of the biggest int the world. 

What I find interesting. Arauco has a geology department. They are the largest land bank holder of the province we are exploring in. The new deal we are working on is said to require advanced details than the previous exploration agreement to including terms to stipulate mine development.

Sounds like some big deals for some new ground is around the corner! At least that's what I take from the indications in the technical report.

I agree Miner. SH. Wake up. Gotta get that bio straight! 

 

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