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Moneta Gold Inc. (ME.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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1.8700+0.0600 (+3.31%)
At close: 03:59PM EDT
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  • Y
    Yahoo Finance Insights
    ME.TO is down 6.33% to 2.22
  • Y
    Yahoo Finance Insights
    ME.TO is down 7.14% to 2.34
  • D
    Dave
    Wow gold reserves go up ..... Share price goes down?
  • Y
    Yahoo Finance Insights
    ME.TO is down 6.14% to 2.60
  • Y
    Yahoo Finance Insights
    ME.TO is up 8.00% to 2.70
  • Y
    Yahoo Finance Insights
    ME.TO reached a 52 Week high at 2.67
  • B
    Bull
    Here we go. Up and up.
  • Y
    Yahoo Finance Insights
    ME.TO is up 7.78% to 2.77
  • 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.
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    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.
  • U
    U2GT
    More reserves being slowly discovered. Moving from 10M to 15M of reserves. Feasibility study next year.
  • 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 $5.00 by the end of next year.
  • Y
    Yahoo Finance Insights
    ME.TO reached a 52 Week high at 2.89
  • D
    Daniel
    Analyst George Topping from Industrial Alliance Securities upgraded Moneta Porcupine to a buy and price target of .70 cents and Don Blyth from Paradigm has a target of .60 cents for an average of .65 cents . Date of these upgrades were DEC16th for George Topping and DEC 10th for Don Blyth
  • B
    Balkanch
    During the past 6 months, price moved between 12 and 18 cents, with an estimated average stock price of around 15C with avg market cap of 50M$. 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.
  • 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
  • Y
    Yahoo Finance Insights
    ME.TO reached a 52 Week high at 2.73