MONETA PORCUPINE ME.t Message Board

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Gold/Mining/Energy : MONETA PORCUPINE ME.t

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To: denis J who wrote (342)	12/12/1997 3:38:00 AM
From: D LEE	Read Replies (1) of 440

please read the following entry in techstocks.com Message 2945371 In making this entry, I am not suggesting that Moneta fits into the category as one of the mining companies swimming in deep water. On the contrary, I believe the price of gold today will have no adverse effect on Barrick's continued involvement with the Michauld development (save perhaps a re-negotiation for more than 60%.) Barrick is a more valuable partner now, due to the gold situation. The leverage offered by investing in Moneta will be enhanced more than proportionately should it be known she is going to become a gold producer. This would largly be due to Barrick's continued strength in the present market as opposed to weakness that has developed for most other gold producers. Moneta has done well in keeping cost down and finding the best possible partner, but I expect no real news for a good month or two on the truer status of the partnership. Money into Barrick at this time would be conservative, but into Moneta, possibly quite exciting, not so much a contrarian as a more speculative move, one that might benefit greatly from the squeeze being put on any die hard, stock searching contrarians who find Barrick remains serious about this. Dave

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