Topic: How To Invest

Hi Pat: Would you please give me your opinion on Moneta Porcupine Mines? Thank you.

Article Excerpt

Moneta Porcupine Mines, $0.33, symbol ME on Toronto (Shares outstanding: 157.3 million; Market cap: $51.9 million; www.monetaporcupine.com), holds a 100% interest in five projects located along the Destor Porcupine Fault Zone in the Timmins Camp in northern Ontario. The properties can be accessed by road, and are close to mills and sources of water and electricity. Moneta Porcupine’s shares have jumped since the company reported that its Windjammer South, Southwest and 55 zones now hold an estimated 3.14 million ounces of gold. The company’s properties are still in the very early stages of development, but it holds cash of $3.3 million for exploration. Its large gold resource also gives it speculative appeal. Moneta Porcupine is okay to hold, but only for highly aggressive investors. investors. …