MONETA PORCUPINE ME.t Message Board

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Gold/Mining/Energy : MONETA PORCUPINE ME.t

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To: D LEE who wrote (341)	12/3/1997 8:10:00 AM
From: denis J	Read Replies (2) of 440

D Lee europeans tend to buy and stay in for the long term there is a fair amount (exact count ???) of stock being held there. the 70-30 split you where wondering about refers to the nufort property in which barrick had the right to earn the 70% and moneta 30% with nufort holding onto a net royalty. with michaud it is 60-40 (barrick-moneta) Barrick had wanted 70-30 on these claims also but did not get it. as I said earlier there are plans to do some work on the property this drilling season what and how much has not yet been released by barrick there is no question in my mind that if the price of gold could only rebound this property would be developed for sure . more results on nighthawk should be out shortly I think you will see this property with a good ore body also thereby giving moneta two excelent development possibilities and it is not that far from cross lake . all the best Denis J

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