A comparison of the companies with gold mine
 open pit resources
  a must -
 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....



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)




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
“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 
- 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 
- 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 - 


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. + + + +





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. -