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@moonshot5 @Stoneminer It's almost as if some $ME investors assigned more value to the unknown areas of the property than the known multi-million ounce deposit. I should be adding, but I haven't yet
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@CriticalInvestor @FundamentalAnalysis It is true that total strip ratio (overburden and waste) is (very) high, but economics at current metal/fuel/FX prices are very robust, so it doesn't matter. Brent would have been more credible if he mentioned high capex because this deposit can't be highgraded and needs a few hundred thousand oz of near surface high grade gold to provide for starter pits and low capex. Majors don't care about this capex though and would look much more at district potential which is appealing here. Lower capex would provide for more options of course. $ME
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from @criticalinvestor,
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@CriticalInvestor @Vaughan You are welcome anytime
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@staffpro We will look back at the " Brent BNN dip" and laugh one day...
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anonymous Brent was being a donut on BNN
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SEDI_bot MONETA PORCUPINE MINES INC. $ME just filed 4 reports. View full report: SEDI:ME
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from #insiders,
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anonymous We on the rise.. Brent who?
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@MadeOfRubber He probably bought some the day after as a trade ;)
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@CriticalInvestor @MadeOfRubber would be cool if Sprott bought a few million shares at the dip
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@MadeOfRubber @CriticalInvestor Absolutely. Are they already into $ME? I should know the answer but the DD I did was almost a year ago back when I didn't take good notes.
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from @madeofrubber,
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@staffpro who is the high roller who bought 500 shares (=$100) this morning XD
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anonymous It was Brent Cook
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@CriticalInvestor @MadeOfRubber Eric Sprott has a million shares or something by himself
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@staffpro @criticalInvestor that's it? that's only like $200k? i'm pretty sure some people on this board even have several hundred thousand shares in this company
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@0Kib Hmm...capex and NPV similar which is not good and IRRs borderline...Maybe interesting as an option play above $1500/oz
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@CriticalInvestor No it isn't exactly a core position for a guy like him. Updated economics provide for a much larger NPV over capex, and after tax IRR is well over the 20% threshold at 1200 gold. The only thing is the capex isn't exactly small for a junior.
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@staffpro @criticalInvestor @HRA-Coffin what are the chances or in your discussions with Ian is the goal here eventually to drill the existing resource to prove there is some high grade in there in order to two tier the project high grade first then low grade , long mine life and lower initial capex? - i'm assuming this would all have to be formally announced in an updated NR/PEA?
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@Stargate2 Its highly unlikely that the existing low grade Golden Highway Resource model is going to play any significant role towards the companies development plan in the coming 12 to 18 months unless a new higher grade discovery story emerges in parallel.
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@Stargate2 News from neighboring Tahoe will explain why with news anticipated to come out a little later this year.....
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@CriticalInvestor @staffpro I didn't get the impression he saw possibilities in that direction, but he was looking to convert most Inferred into Indicated as they already did most drilling for that. I think he first wants to explore his targets before he thinks about formally updating economics.
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@staffpro more bad holes i'm guessin
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anonymous 350k shares.. Mr Cook is loading up..or maybe it was @staffpro
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@staffpro today is a great day to release drill results
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SEDI_bot MONETA PORCUPINE MINES INC. $ME just filed 2 reports. View full report: SEDI:ME
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from #insiders,
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anonymous $7.29 USD/oz
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@HRA-Coffin $ME Rocky - though they don't like to talk about it as it hasn't worked that well so far. I'm going to reiterate on Mark Kolebaba's behalf that any targets he's building are multiple data sets and he won't be targeting anything just because its a StargateII target alone. The system does appear to have highlighted areas that are also coming up on VTEM/structural/geochemical studies done later so there is something to it. They aren't throwing darts. I just don't think $ADZ at least would use it as a sole targeting method but I think if they hit something in an area targeted by StargateII he wouldn't have a problem saying so.
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from #adz,
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anonymous tahoe resources $THO up several days now and strong earnings would they potentially acquire $ME? and if so why if they already bought lake shore gold or are we watching them just for neighboring drill results
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@Stargate2 anonymous......we are watching for neighboring drill results along strike to the west......
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anonymous massive volume today
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anonymous Testing.. Testing.. is this thing on? still no buys
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@MadeOfRubber I have a bag someone can buy
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anonymous you liquidating your bag today @madeOfRubber ? :-)
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@MadeOfRubber @anonymous Funny you should say that, I'm literally in the middle of an excel spreadsheet figuring out quantity and price to get the average down to something dump-able. Haven't sold any yet in my primary porfolio, holding for exactly 204 days.
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@MadeOfRubber Rookie mistake but learned my lesson :) Avoiding buying high and selling low as much as possible, to prevent my wife from smacking me upside the head. lol.
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@Vaughan Your not supposed to tell her about those ones @MadeOfRubber! Rookie
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@MadeOfRubber @Vaughan Guilty as charged lol. Technically I haven't lost until I sell, there maybe a chance in hell that $ME does a NR or we get some positive news. The rumors are all over the place
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@staffpro ya i've pretty much written this one off, Brent Cook is probably right about this one unfortunately
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@staffpro why did goldcorp buy Exeter and not $me
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@CriticalInvestor @staffpro That is actually a very good question. Cook isn't right here, as the deposit is economic at current metal prices. A major could easily finance capex
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@chatyak One of my worst performing picks by far. Look at that run since Jan - an optionality run in the opposite direction.
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@chatyak Only a loss if you hit the sell button - looks like a bag hold for the duration of the bull run.
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@Stargate2 Hold on to your shares......There is more going on behind the scenes than what has been publicly released....Better days ahead
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@chatyak What exactly is going on then? Need some facts
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@chatyak And what or how do you know what the public does not? :)
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@EvenPrime Moving forward, I think what is most important is how do you guys see the near-future share price of $ME trading? Catalysts are there of course, although expectations are very low. I do not see anything near term to really lower the price more. The sh1tty part is, I assume most of you are holding a > 40% loss currently which equates to requiring 67% gains elsewhere to break even.
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@EvenPrime If anyone has comments on why they believe $ME will further drop over the near term, please drop knowledge. If I was in this position, I would keep my money here until I found a reason to move it to another stock that is pre-catalyst.
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@chatyak It can go lower. Re-test the old lows. Bad markets -funds pulling out - general views- etc... long list of possible scenarios. All likely? No - but they are there (not just for this ticker but across the board). This is going to be a serious lagger until something really concrete is released - needs new hands at that point to bring in the momentum.
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@chatyak Their communication and treatment of this ticker has likely discouraged a lot who aren't close to the inside.
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@chatyak Lots of upside over long term though. Just annoying to see.
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@EvenPrime @chatyak your second last post is bang on - Im one of them. But I still look for that "in"
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