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Meridian Mining UK Societas T.MNO

Alternate Symbol(s):  MRRDF

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.


TSX:MNO - Post by User

Bullboard Posts
Post by TFSAfundson Oct 17, 2016 5:09pm
153 Views
Post# 25353078

The problem is...

The problem is...Even at this SP our market cap is $30 million. We own 18.5% of BMC, so
simple extrapolation means "Meridian" would have a market cap of about
$160 million. Based on what? The only resource estimate to date was a
43-101 of 1 million tonnes Mn when RM was bought. Subsequent to that,
lots of arial work, lots of drilling, even lots of panning for gold, but not a
single update on the resource(s). Does anyone here really believe that
"Meridian" is going to list at a dollar or more?

It's going to take a massive PR campaign to justify a SP anywhere close to
a buck. There's no point in releasing 43-101s before the RTO to bolster the
price of a disappearing company. So... why not dump some shares now and
buy "Meridian" shares a heck of a lot cheaper a month from now... even when
factoring in the consolidation.

But still... GLTA  

Bullboard Posts