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Cerrado Gold Inc V.CERT

Alternate Symbol(s):  CRDOF

Cerrado Gold Inc. is a Canada-based gold production, development, and exploration company focused on gold projects in South America. It is an owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina, and the Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing its owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec. The Minera Don Nicholas property is located in the mineral rich Deseado Massif in the province of Santa Cruz, totaling 333,340 ha's of concessions. The property operates mining from two separate open pit areas, La Paloma and Martinetas. The Monte Do Carmo project is located in state of Tocatins, with claims totaling 82,541 ha of concessions. The Mont Sorcier Iron ore property hosts a large Iron resource with extractable Vanadium in a mining jurisdiction. The Property is located 18 km outside of Chibougamau, Quebec by road Mont Sorcier.


TSXV:CERT - Post by User

Comment by ABDPhilon Feb 15, 2024 10:45am
116 Views
Post# 35881817

RE:Risk/Reward looks great here!

RE:Risk/Reward looks great here!
MDC may have potential, but there is still a lot of work to be done, and a lot of money to invest before a mine can be built there. The most recent 43-101 technical report was filed in December 2023, with no mineral reserves, and 800,000 ounces of gold in the mineral resource category. For information, the difference between reserves and resources is the study of the possibility of achieving an economic return from extracting these ounces of gold.
 
Eventually, a technical report of PFS, DFS category will be required, which must include cartography; topographical surveys; the hydrogeological study; metallurgical testing; the environmental study; recovery tests; the model block; factory engineering; ...
 
That said, exploration projects at MDC's current level of progress do not sell for $250,000,000. Furthermore, you seem to give disproportionate importance to the operating permit, in terms of value and for what will follow. Honestly, this permit is not what will give value to MDC, or to Cerrado.
 
I don't want to discourage you, just be aware of the real issues and the time it takes to achieve real results.
 
Good luck to you
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