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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 CommodityCrowon Mar 17, 2021 3:34am
282 Views
Post# 32814400

The fate of Moneta

The fate of MonetaI have held ME for over 5-years now and it has been great to see some forward traction with the share price over the past several months. That said, what is it going to take to get this company fairly valued? 

We have an indicated resource over 2X that of Windfall owned by Osisko Mining, yet their Mkt Cap is over 8 times higher than ours. I haven't even accounted for our inferred resource being larger than theirs.

Our resource is almost double that of Skeena yet their Mkt Cap is over 5 times ours. 

Sabina, has a smaller mineral reosurce than us yet their Mkt Cap is over 8 times higher than ours.

Something really doesn't seem right here. We keep being told their will be a re-rate yet that isn't coming. Newsflow is dead, IR aren't responding. To me Moneta could be in a blackout period, which means they are not allowed to release news as they may be in talks with someone regarding a sale. 

Either way, it is an absolute joke how undervalued ME is.  
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