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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
Post by lechmeiron Jul 13, 2016 6:51am
97 Views
Post# 25047292

My 2 cents worth... possibly 5 cents

My 2 cents worth... possibly 5 cents
"weekly production during the first week of the third quarter, producing 1,017 tonnes."

The number suggests that the existing plants are capable of producing 50,000 ton per year.  The new one that's in planning adds that much more in capacity.  

Assuming $300 per ton, minus $100 in costs you have maybe $20 million profit, ~1/5 of which is ours ($4 million) and fewer than 100 million shares. That's north of 4 cents per share.

Actually:  21.4% * $20 million divided by 81.86 million shares equals .05 per share

Granted we aren't there yet, and granted we'd like to see ten times that in production... (and of course sales) but the drills will tell us if that's realistic and a PEA will attract a major to take us out.

So, naysayers aside we seem to be in a decent position right now. It is investment.  And you can still lose. (repeat as necessary)
Bullboard Posts