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Moneta Gold Inc. (ME.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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1.7700+0.0100 (+0.57%)
At close: 3:22PM EDT
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  • J
    Justin
    At the 2021 9/12 - 9/15 Denver Gold Group XPL DEV Forum, Gary said in his presentation that Moneta is currently traded at $18 US/ resource ounce and Moneta’s peers are trading at $80 US/ resource ounce. So significant upside for shareholders in Gary’s opinion.
    At the date of the presentation, Moneta was trading around $1.50 US
  • B
    Bull
    Stock showing this a.m. preopening last sale at 6x.34=$2.04
  • D
    Dan
    How did this jump almost $1.90 ?
    And why is Yahoo saying its only up 7.84%
  • S
    Sean
    How’s everyone feeling about this one. I’ve been invested for about 5 years now. Sounds like quarter 1 next year will be big
  • S
    Sheldon
    Is there is something I'm not aware of happening? If not, today seems to be a repeat of the same pattern, bouncing between .32 to .40, only multiplied by 6. Some people are making good money on the ups and downs.
  • B
    Bull
    The Company expects common shares to begin trading on a post-Consolidation basis on the Toronto Stock Exchange as of the opening of trading on or about August 26, 2021.
  • S
    Sheldon
    I noticed on the Toroto exchange in the past week or so, that Moneta dropped twice on low volume. I thought it was being manipulated, because when the volume went up, so did the price. So I expected the big players were trying to buy in at a lower price before the good news that was likely to come. And now we have it. By acquiring Northern Gold Mining, Moneta has nearly doubled its indicated and inferred oz. of gold. Though there will be a dillution of shares, Moneta is much better positioned to start mining production or be taken over at a premium. This company has consistantly produced positive drilling reports, and more will come, as further exploration continues.
  • D
    Daniel
    $12/OZ X 5,500,000 ounces divided by 347 million shares = .19 cents per share

    $20/OZ X5,500,000 ounces divided by 347 million shares= .32 cents per share

    $50/OZ X 5,500,000 ounces divided by 347 million shares= .79 cents per share.

    Now the average price that the Juniors have been getting is $225.00 / OZ.

    $225/OZ X 5,500,000 ounces divided by 347 million shares = $3.56 per share.

    They drilled 18,000 metres in 2019-2020 and they were able to increased the resources.
    This year there drilling up to a maximum of 30,000 metres for 2020-2021.
    If they have a successful drilling season I can see the shares above $5.00 by the end of next year.
  • U
    U2GT
    Surprised there are so few posts here. This could be a 10M oz opportunity. This is under the radar. All early stage mining companies are risky, but this team has a long term view and is executing well on the discovery phase. They could end up building a mine or selling to other players in the area. Not an unreasonable long term bet. I hope they sell in a year or two after making a few more discoveries. This could end up being a US$2 stock.
  • D
    Daniel
    Analyst George Topping from Industrial Alliance Securities upgraded Moneta Porcupine to a buy and price target of .70 cents and Don Blyth from Paradigm has a target of .60 cents for an average of .65 cents . Date of these upgrades were DEC16th for George Topping and DEC 10th for Don Blyth
  • B
    Balkanch
    During the past 6 months, price moved between 12 and 18 cents, with an estimated average stock price of around 15C with avg market cap of 50M$. Evaluation for indicated gold was 632,300 oz at 4g/t grade back then, which is exploitable and resellable. At 50$ per oz when reselling to majors (estimate), the estimated indicated deposit value was around 31M$. Adding inferred gold and other unexplored promising area on their property + their strategic location, we can add the 20M$ for a total of 50M$ before today's news, which was a reasonable price. If we only take the additional indicated surplus of 1,511,900 oz (which is in fact a 240% increase, not 217% but let me know if I am mistaken), this adds another 75,600,000$ to the deposit, thus adding about the same amount in market cap, which should be around 125M$. Therefore, share price should be moving up (with a couple of quick profit taking from day traders) until it reaches 36C. Over that, the price will become overvalued and below this, its inconvenient to sell! GLTA
  • U
    U2GT
    Not a fan of making predictions on stock prices, but for fun, I'm predicting this will be at least a US$1 stock by no later than March 2022 assuming gold remains over $1800. Management has been patient and diligent for years. Juts upgraded to OTCQX and should be more discoveries announced over next few quarters.
  • D
    Daniel
    Moneta’s Highlights
    TSX : ME 4
    Golden Highway Project has a Current Resource 1
    of 2.1 million ounces of gold indicated and 3.2 million ounces gold inferred
    Updated December 2020, US$1,500/oz
    217% increase in indicated ounces and 141% increase in inferred ounces
    Excellent potential for expansion
    • 100% Ownership of Major Land Package consisting of 6 Gold Projects along
    the Prolific Destor-Porcupine Fault Zone (DPFZ)
    Existing Infrastructure to Support Future Gold Production Scenarios • Good Neighbours: Newmont, McEwen Mining, Pan American Silver, Osisko
    Mining and Kirkland Lake Gold
    • 50% Ownership of Garrison Project JV with Kirkland Lake Gold
    • Existing Infrastructure to Support Future Gold Production Scenarios
    1. December 08 2020 Micon International Limited.
    • South West PEA completed; Excellent economics
    • No royalties or encumbrances on resources
  • U
    U2GT
    Sprott initiated research on Moneta. C0.65 price target. Huge reserve potential with this one.
  • D
    Daniel
    2 underground mines + TWO (2) open pit mines, as per Gary's recent interview, but there could be more, and, it could lead to 300,000 + ounces produced per year.
  • D
    Daniel
    To get over 2 million ounces of indicated resources and over 3 millon of inferred resources would take a company years and they would have to raise a lot money to do the drilling.Drilling cost have gone up substantially.Five million ounces in resources at $1840 = 9.2 billion Dollars Gross and now that they have a good idea of the geology and where the deposits are will bring more successful drill results.The PEA was for 1 deposit out of 6 deposits.It also has access road to portal,electrical grid ,water source,good mining work force.Excellent Infrastructure and a good potential to increase their resources makes this company very attractive to Kirkland,Newmount,McEwan,Tahoe,Goldcorp.
    The share price has lagged behind but now the share will increase more then the .40-50 range
  • D
    Daniel
    There's a time to be in and out but now it's time to sit tight and be patient.All the majors are looking for ounces in a friendly district and they have both catalysts for a takeover.
  • U
    U2GT
    Good day today. This is a long term hold.
  • P
    Paul
    Stock symbol change? Why??
  • D
    Daniel
    Were still at a ridiculous cheap price when you look at takeover prices for Lakeshore $360/OZ,Claude resources @ $275/OZ, Integra gold $240/OZ,Probe mines @$260/OZ,Kaminak $140/OZ,Romarco $175/OZ.The average Price Per Ounce is $225/OZ.I'ts not just just the ounces.
    They have no royalties or encumbrances on resources,Excellent Infrastructure,100% ownership in a safe jurisdiction and a friendly Government that supports mining.Land package that you could easily double your resources and friendly neighbours and workforce.With a short time line to production I give Moneta a price between $4-$5