Montero Mining and Exploration Ltd V.MON

Re-Rate Mode: Engaged

[Goldnboy1]

Shareholder ledger so tight here. I know of some pretty big industry names holding here. Lots of pro group buying in the PP. 

Re-Rate still aggressively on.

It's extremely rare to see a region clear cut, in order to make way for mining potential. Three years ago, this entire area was overgrown. 

Over $1M USD was spent prospecting this privately for a reason. Soon those reasons begin to evolve before our eyes. Bright future ahead here, very smart field personnel in country too. So no covid restrictions to exploration!

I do not anticipate demand for this stock to subside anytime soon. Lots of big names wanted to fund the  drill bits heading for this ground. Fully anticipate this re-rate to aggressively continue into the new year.

[Miner69]

Re-Rate? Please explain term?

[Goldnboy1]

A re-rate is an aggressive price change in a stock due to a material event that is anticipated to sustain its appreciation.  The price itself is re-rating itself.  For example this ground was marketed initially as virgin to drills. With surface tested targets and one underground adit test. But today we just found out the third party claim on the same vein cluster as us. Just a few

[Miner69]

But today we just found out the third party claim on the same vein cluster as us. Just a few hundred meters north of the target Montero just mobilized to drill. That ground is a privately owned open pit gold mine.  where did you get this from? only mention in press release is: This property is situated immediately south of a small, locally operated mine.  

[Goldnboy1]

Go to ceo.ca. You can see satellite images of an operation in the 3rd party claim north of A target.  If you use the satallite maps you can also see heavily turned soil in the claims south of our Drill target A. In the area I believe the open pit exists (north of our target A). Benches are visible from the satellite maps as well. Then put a few maps together that map boundaries, veins

[Miner69]

Considering where this stock came from, it's never a bad idea to take some profits. Thanks for heads up on CEO.ca  Exciting times ahead!  Wondering what timeline is for results on first drill target, hopefully we will get updates on drilling process!

[Goldnboy1]

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

[Miner69]

Take a look at GBRC, completely different situation, just raised $13M, acquired 3 properties and actively looking to add ounces!  Trading around .50...  I've been in since BLS, so my gains are blind luck...

[Goldnboy1]

Haha not always blind luck. But looks like you caught a nice turn around. In terms of new entry on that one, it just wouldn't be for me. Thanks though.  Back to Montero. Healthy day for investors here!! Who knows when this is going to slow down. Some deep pockets on the ledger here. This project is a stones throw from an active open pit gold mine. In systems like this. It's

[Miner69]

(Sometimes) it pays better to be lucky rather than smart!  Yes, definitely anxiously awaiting drill results here... Couple years back had positions in GBR and TUO, just not patient (lucky) enough to have held...