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Meridian Mining UK Societas T.MNO

Alternate Symbol(s):  MRRDF

Meridian Mining UK S is focused on the acquisition, exploration, and development activities in Brazil. The Company is currently focused on resource development of the advanced Cabaçal VMS gold-copper project, the regional scale exploration of the Cabaçal VMS belt, the exploration in the Jaurú & Araputanga Greenstone belts all located in the state of Mato Grosso and exploring the Espigão polymetallic project in the State of Rondônia Brazil.


TSX:MNO - Post by User

Bullboard Posts
Comment by BC_Buddon Apr 20, 2014 1:43pm
241 Views
Post# 22470564

RE:RE:oh ya - about veins..

RE:RE:oh ya - about veins..
The numbers get absolutely stupid when you start running them and it becomes clear why Sentient has jumped into this deal like they have...

This exposed vein of Manganese is at least 1 km long by 60m wide and up to 60m deep.. so lets go with an average of only 50m wide and average only 30m deep - basically cut it in half to be prudent.

Eighth grade math from there... 50m x 30m x 1000m = 1.5 million m3.

Correct me where I may be wrong but according to https://www.aqua-calc.com/calculate/weight-to-volume/substance/manganese a cubic metre of Mn weighs 7.43 tonnes so...

1.5 million m3 x 7 = 10.5 million metric tonnes at a grade of perhaps 45%

Not sure if it's the net or gross selling number for this grade of Mn $250 per tonne? I'm foggy on this... but it doesn't really matter because that massive vein is worth - in the neighbourhood of - $2.5 billion dollars...

That's North of $25 per share and is exactly the reason that we Sentient fully 100% on board.

Bullboard Posts