Meridian Mining UK Societas T.MNO

Alternate Symbol(s): MRRDF

Metals & Mining Industrial Metals & Minerals

Meridian Mining UK Societas is focused on development and exploration of the advanced stage Cabacal VMS gold-copper project, regional scale exploration of the Cabacal VMS belt and exploration in the Jauru & Araputanga Greenstone belts (the above all located in the state of Mato Grosso, Brazil). The Cabacal Project has licenses covering approximately 50 kilometers (km) of the 55 km VMS belt. The Espigao Project is located on the southwest margin of the Amazon Craton, in the western margin of the Proterozoic Rondonia-Juruena Province. The Company’s Espigao Project covers an area of 72,800 hectares. The Company holds mineral rights totaling 55,559 Ha in the Mirante da Serra Project. The licenses cover an area with an intracratonic basin in the Amazon Cratin, emplaced over crystalline basement rocks of the Jamari metamorphic complex and Mesoproterozoic Rapakivi granites. Its Ariquemes Tin Project comprises a land package in Brazil.

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Meridian Mining UK Societas

Bullboard Posts

Post by tippingjon May 10, 2014 12:18pm

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Post# 22547441

Joint Venture question

Let's say the shares get transferred without a hitch and the joint venture continues in the "spirit" it was intended...
Cancana delivers raw manganese to R.M. which is being run by Ferrometals. Cancana gets the world price for raw managnese, let's say $250 a ton. Net profit $200 a ton.
Ferrometals takes the raw manganese and puts it through the grinder and sells it for $1200 a ton. Net profit $1000 a ton.
Now we have $200 a ton and $1000 a ton. That's $1200 a ton. Is that $1200 shared 50/50?
I seek a bar stool..

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