RE: RE: Moneta Porcupine Mines Inc (TS - Moneta Porcupine Mines Inc.


                        
                            	 
	A comparison of the companies with gold mine 
	 open pit resources 
	  a must -
	 
	E.g.,
	 
	 Moneta Porcupine Mines Inc. (TSX:ME)
	  Market Cap 47.82M
	  Gold 3.8 million ounces in reserves
	  Average (diluted mill head) grade of 1.11 g/t gold 
	 
	 vs. ex. 
	 
	 Detour Gold Corporation (TSX:DGC) 
	  Market Cap 2.49B
	  Gold 15.6 million ounces in reserves
	  Average grade (g/t) 1.03
	 
	Above short comparison summary 
	 tells me that Moneta gold reserve 
	 is extremely undervalued -
	 and it put me on a
	Note. memo to do more....
	 dd.... 
	 
	 
	Moneta Porcupine Mines releases P.E.A. on
	 
	Golden Highway project
	 
	
	Moneta Porcupine Mines Inc.
	(TSX: ME) released details of
	the Preliminary Economic
	Assessment (PEA)
	completed on its 100% owned Golden Highway project near Timmins, Ontario today. The PEA was completed by P&E Mining Consultants out of Toronto.
	The report gave the Highway project
	a pre-tax Net Present Value (NPV) of
	$748 million using a 5% discount rate and
	$1,350/ounce gold with a payback period of 4.1 years.
	"This Preliminary Economic Assessment demonstrates robust economics under
	the conservative US$1,350/oz gold base case scenario.
	With a positive view on gold, the Golden Highway asset becomes increasingly attractive,"
	stated President and CEO Ian Peres in the news release.
	PEA highlights included life-of-mine
	metal production estimated at 3.8 million ounces of gold  
	(1.1 million Indicated) with a 92% recovery rate using both open pit and
	underground operations.
	Additional work needs to be done however to prove up
	the 83 million tonnes of Onferred resources
	(3.2 million ounces of gold) calculated in the PEA.
	 The question that remains now is how the company will fund capital costs.
	The most viable route is likely a joint-venture with a mid-tier mining company
	that will fund development in exchange for a majority stake in the project.
	 
	Analyst (consensus) target share price: $0.95
	 
	Moneta Porcupine Mines Inc. (ME:TSX.V)
	http://bit.ly/UzRDvD
	 
	 
	Moneta Porcupine owns one of the 
	largest gold property packages in 
	Canada’s fabled Timmins Camp that 
	has produced more than 85 million oz 
	of gold to date
	 
	http://www.lomltd.com/equity_research/morning_notes/pdf/12%2003%2012%20ME%20mn.pdf
	 
	“The best leverage to a gold bull market is expanding 
	NI 43-101 gold resources in a strategic land package of scale 
	in a world class mining camp”
	 
	Timmins Remains a 
	Young Gold Camp…
	 
	- Still largely underexplored despite 
	being Canada’s largest producing 
	camp;
	 
	- Moneta’s commanding position in 
	the Golden Highway Camp was 
	largely on care and maintenance 
	prior to 2010;
	 
	- Bulk of Timmins production from 
	“first generation” discoveries in 
	volcanics;
	 
	- Recent exploration success in 
	sedimentary geology of the Camp;
	 
	Golden Highway Project
	 
	NI 43-101 Mineral Resources
	- 4.3 million ounces gold in 6 of 10 known gold zones,
	all open, along the highly 
	prospective Destor
	 
	- 100 square km with 12 km of largely untested strike potential
	 
	- Strong potential for both in pit and out of pit resource growth
	 
	Significant resource expansion potential over large 100km
	 
	Golden Highway Project
	 
	- 4.3 million ounces gold (NI 43-101) in Golden Highway Project
	 
	- Expanding resources: 4 additional gold zones outside NI 43-101
	 
	- Analyst (consensus) target share price: $0.95
	 
	- Top tier institutional shareholders 
	 
	- Value proposition: Market cap < $10/oz in situ
	 
	Moneta Porcupine Mines Inc. (ME:TSX.V)
	 is another one of my picks with a property in the Destor-Porcupine area
	on the Ontario side of the border.
	 
	This company has a potential of about 8 Moz + gold
	 in an open-pit deposit.
	 
	It's close to infrastructure, next door to
	 
	 Brigus Gold Corp. (BRD:TSX; BRD:NYSE.A) 
	and St Andrews Goldfields Ltd. (SAS:TSX).
	 
	This is a potential consolidation situation where
	 Moneta Porcupine could be
	 consolidated into a number of other companies there.
	 It's cheap on a per-ounce basis as well.
	 
	One of the best land positions in world class Timmins Camp 
	 
	Ontario (Canada) - Geo-politically safe, pro-mining jurisdiction
	 
	 Moneta holds 200km
	 
	-  fourth largest after three gold producers
	 
	-  Five highly prospective 100% owned projects along prolific Destor
	 
	- World class infrastructure – access roads, water, electricity, mills 
	 
	- Current and past producing mines adjacent or nearby
	 
	- Commanding position in Timmins’ emerging Golden Highway Camp

	Moneta Porcupine Mines Inc (TSX:ME) BNN Interview - 
	
	 
	
	BNN Interview - 
	
	http://watch.bnn.ca/commodities/february-2013/commodities-february-6-2013/#clip859548 
	
	Moneta owns the Golden Highway Project 
	including the following gold zones 
	
	Windjammer (South, Central & North) 
	Gap Zone 
	Southwest Zone 
	55 Zone 
	Dyment 3 
	Western Zone 
	Landing Zone / Twin Creeks Zone 
	Last Chance 
	the Porcupine Gold Camp including 
	
	Moneta Porcupine Mines Inc (TSE:ME) - Gold 30M oz. + + + + 
	
	 
	
	 
	
	http://www.monetaporcupine.com/i/pdf/MONETA_JANUARY_2013.pdf 
	
	http://www.monetaporcupine.com/s/Presentation.asp 
	
	The Moneta Gold Mine -
	 the richest average gold production grade
	 in Timmins & Porcupine's gold camp with large
	 Moneta Gold Mine 
	 Kayorum & North Tisdale gold mines properties beside 
	 Hollinger and 
	 Dome Mine - must be very attractive to Goldcorp Inc. etc. 
	 to future mining expansions etc. - 
	
	http://www.monetaporcupine.com/s/Projects.asp 
	
	 
	
	http://www.monetaporcupine.com/i/pdf/MONETA_JANUARY_2013.pdf 
	
	http://www.monetaporcupine.com/s/CorporateFacts.asp