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 (380)	3/29/1998 7:44:00 PM
From: E. Charters	Read Replies (2) of 440

I don't think Barrick will run from the Moneta property as they have a fully operational mill not far away that needs feed, This saves them scads of money compared to a scratch mine. The Michaud property is good grade. I don't know about that many ounces but I am comfortable with a million. What is need here is a P.O.G. Moneta have an operating Perlite mill in Idaho. It made a million last year and the earn in will expand its cash flow to 2.5 for Moneta by early next year if all goes well. By summer M will have completed 3 base metal drill programs. The Nighthawk Lake 21 hole program progressed well. There are no "blanks" in all these gold target holes. This is a discovery grade property. They are shopping for someone to take it further. With POG this will be a feather . EC<:-} echarter@vianet.on.ca The Canadian Mining Newsletter

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