says Gary in the presentation
1/significantly higher production scenario than the two PEA's individually...combined PEA
2/significantly lower costs AISC for combined underground and open Pit than $700 USD
3?significantly higher resource of indicated and inferred coming.
Next we should see the drill results from Westaway which is the underground
and I hope will be a continuation of the good results that were discovered
during the last drill program on this new area.
by Frances1
Fenn Gibb valued at $65 an ounce compared to ME $25
https://mayfairgold.ca/fenn-gibb/
https://mayfairgold.ca
Interesting to find that Mayfair Gold acquired the Fenn Gibb property
from PAAS.
They have a market cap of $130m with a low grade 2M ounce resource.
We have 8+M ounce resource and are trading at a little of $200m.
I have always thought the Fenn Gibb would be good for ME
however now that it is valued at this price probably not.
$Nice to see that they get rewarded by the market with $65 per ounce
and if that was consistent for ME's resource 5 miles away
our market cap would be north of $500M.
![smile](/images/emoticon01.gif)
Our current Marketcap only about 220 mil.
$bigone thanks; This is getting to be very sizable.
What a delicious big
one this would be for one of the top 10 miners.
The price target mentioned of $0.65 CA is 64 % above today's closing
share price of $0.395 CA.
Wonder if it will be bought out before summer's end?
With more discoveries and assuming a strong or stronger gold price
would $1.00 CA be out of line???
$Moneta Porcupine Mines ME.C Analysis;
http://www.stockta.com/cgi-bin/analysis.pl?symb=ME.C&cobrand=&mode=stock
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opinion appreciated
TIA
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