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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 pfaffgauon Aug 09, 2017 4:03pm
206 Views
Post# 26562872

July Presentation-BUY

July Presentation-BUYOn the Meridian site, under Downloads-Presentation, the July version is now available. I am interested in the changes from the last one and in the tin only. First the length of the geophysical anomaly for Bom Futuro has increased from 10 km to 20 km AND over half of that is 100% owned by Meridian. Second the grade of tin in the paleo-channels is .3 of a percent per tonne. That is nearly 7 lbs of tin per tonne. IF the processing plant is 3 million tonnes per year, these channels could produce nearly 10,000 tonnes of tin per year. Say the profit is $15000 U.S. per tonne of tin. That is $150 million U.S. per year. MNO owns 80% interest in the channels, so their share is $120 million U.S. or $154 million CDN. That is $.93 CDN per share for a stock trading at $.58 CDN today. Not a bad BUY. IMHO
Bullboard Posts