Evening Dennis. Begin Road-test? All Hitch-Hikers welcome?
This one says "Yes please! Many hands make light work!"
Seems we have a little piece of history here. by today's
standards Moneta dates back longer than any other publicly
traded mining company on the Toronto Stock Exchange.
If you found any certs in an ancestor's attic,
these certs would be worth something. I've noticed
European interest is involved and wonder for how long,
or if they might be even responsible for Moneta's beginning.
It trades in London, and Germany as well. I've been toying
with the idea of giving the foreign markets a poke to
keep tabs on the price during the wee hours. No luck yet.
any ideas might be good to pass on in preparation for
those sleepless nights.
Moneta's success in attracting partners during the higher gold
pricing speaks well for the property. And as you stated,
the Barrick involvement in Michaud is "key". I would rather
they choose it over Nufort, and they have, partially because of the
relation to their Holt McDermot mine. Experience there
could very well make Barrick best in the world at knowing
what to expect and where to expect it so far as adjoining
characteristic is concerned.
I understand that any backouts result in Moneta's ability
to start over with somebody else, the past research becoming a value
added to the property, all rights reverting back to Moneta?
I'm only thinking, and would like to know if this is right
from an appropriate source.
Barrick seems to be able to boast an average $200.00 production
cost per ounce and with hedging has guaranteed themselves for
2 to 10 years a sale price of $400.00 or spot, which ever is greater.
Their backout from Nufort could indicate a reason why
they enjoy one of the best over all production discounts
when compared to the rest of the major mining companies.
Should they produce, I'm wondering about what typical time frame
we might learn to expect and, being these are two separate companies,
any discourse that may result as the two of them will be attempting
to maximize profit. More specifically, Moneta's financing and
the related possibility of dilution, their ultimate profit
margins as opposed to Barrick, and the rate of progress
due to Barricks expressed interest in relating operations
here to the Holt McDermot mine (i.e. such as the reuse of earth material.)
Are the 60% - 40% figures set in stone? I recall mention of
a possible 70% - 30% somewhere but this could be unrelated.
Any links to what I'm covering are still in the computer
and will be listed soon for all to see "where and why"
I've been poking around. Some may be informative
or others just amusing. In saving people some time,
and provoking ideas, all I am trying to promote is
the richly rewarding quality of laziness and a general hope
of closing the gap between what we know and what really is,
as much as possible.
dave |
