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Gold/Mining/Energy : MONETA PORCUPINE ME.t
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To: RonS who wrote (378)3/16/1998 1:01:00 AM
From: denis J  Read Replies (2) of 440
 
Ron they have their interpretation of the barrick drilling or so I am
told however they will not release it until barrick makes a move.
I am confident that the michaud property contains millions of ounces
it has been unofficial estimated that the zone barrick drilled has
1.5 million proven oz and another 1 million probable plus the zone is
open at depth + east & west with the price of gold being what it is
no one is ready to open any gold mine in canada unless it is spectacularly rich

Moneta to me is a hard luck case they have absolutely no promotional
abilities at all they are mining people not promoters
until the pog improves or there are signs that it will improve in the
foreseable future this stock will lanquish at close to these lows for
some time unless one of their other properties show something

barrick has an option payment due soon if they make it this should
have an impact on the price , barrick has been selling their mines in canada
and rumor has it that they might not be operating in this country in the
future unless it is a very prtofitable operation I guess the future
will unfold as it should

Bottom line if you believe the pog will move up then this stock is
an extremly good buy ^
soon

all the best

Denis J

P.S I will try to get some info later to-day if interesting I will post
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