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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 29, 2024 9:15pm
71 Views
Post# 35908145

RE:Fair value

RE:Fair value
The value of MDC and Mont Sorcier is what Cerrado could get if they were sold. Otherwise, this value is fictitious, considering that Cerrado does not have the money to develop them.
 
That being said, I do not know the potential of these permits and consequently, not the interest of the other parties. Considering the lack of collaboration from MDC, to ensure the development of Cerrado, another source of financing will have to be found, or consider the sale of certain assets.
 
Alternatively, an increase in the POG could resolve some financial concerns, and improve market interest in the gold sector. Hope must continue, while remaining realistic.
 
The market being what it is currently gives very little value to assets that do not provide profits. That's how it is in a depressed market, even though it makes no sense. That said, it makes things very complicated for companies that need capital to grow. This is true for Cerrado, and it is true for all explorers who cannot count on a constant source of income.
 
Sometimes things change quickly, when no one expects them, and those are my best wishes.
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