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Bullboard - Stock Discussion Forum 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... see more

TSX:MNO - Post Discussion

Meridian Mining UK Societas > So, mine building it is...
View:
Post by TFSAfunds on Nov 16, 2023 12:05am

So, mine building it is...

Clark, in that interview, has pretty much laid to rest the thought of a buyout! McLeod has been brought on board because of his expertise in building mines, not selling them. Clark says the BoD now has the experience and know how for that task. Clark also said that the Company will be looking for money sometime next year... does that mean some or all of the $180M USD start-up capital for the mine or just additional working capital for further resource delineation and preliminary legalities associated with a mine build? There goes my instant gratification! So how do you folks think the S/P is going to move over the course of the next 12 months or so? We obviously can't do $180M USD at current levels... Here's hoping that updates to the RE and EA (dropping the P of PEA) causes a nice bounce!
Comment by TradesInc on Nov 16, 2023 12:03pm
Share Price should move a lot higher on a Spinout Shares Update unless Management let's us down AGAIN...lol. As far as Resource and Economic Assessment Estimate. 5 year Base Case industry Gold Price is now $1,711 USD. Up from $1,565 USD used in Original Cabasal  PEA. Copper Price Base Case now $3.77 USD up from $3.59 USD. This will signigantly add value to the updated resource. 
Comment by TFSAfunds on Nov 16, 2023 12:49pm
Trades... re: Spinout Shares Update. From the NR. There can be no assurance that this review process will lead to the approval or completion of any transaction. The Company does not intend to provide any updates with respect to this process unless and until its Board of Directors approves a specific transaction or otherwise concludes its review of strategic alternatives. I wouldn't hold my ...more  
Comment by TradesInc on Nov 16, 2023 8:53pm
TFSA. Long term shareholders invested in MNO because of Espiago and now this SPINOUT. It frustrates us that Management has a case of Lock Jaw on this Asset....lol. Jaburi has the Potential and I believe it will be a World Class IOCG development with proper guidence. Check out SOLOBO Copper/Gold Mine. Dare to dream Baby!
Comment by TFSAfunds on Nov 17, 2023 12:08am
Trades, long term shareholders invested in MNO/Cancana because of MANGANESE!!! And for NO OTHER REASON. Recall that as we were floundering with the Mn, the Company moved into the its next phase, tin. Even with Sentient in control, the Mn. was in serious trouble and we were hoping for salvation by reprocessing tin tailings. Then we started buying up more tin claims. Where did that get us? Aren' ...more  
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