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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

Comment by FreddieSanfordon Jan 22, 2021 9:00am
80 Views
Post# 32357890

RE:RE:RE:RE:RE:RE:RE:"exciting pre-drilling period" ...

RE:RE:RE:RE:RE:RE:RE:"exciting pre-drilling period" ...Antero, the company did dig,wash,ship. Unfortunately, the Woodie Woodie model didn't turn out to be analagous to the Espigao do Oeste area.

Had they dug,wash,crushed to microfines and then shipped .................. maybe the deal with Rayovac would have actually blossomed to something significant rather than dithered away. In the very least it could have proved extremely profitable with the material the company had processed to date.

Anyway, the Manganese play is done for now, it is what it is.

The company has an opportunity to make things fly on this Cabacal deal. Some work has to be done to validate and expand the historical resource.

The promotable aspect of the deal is the potential value of the deposit if in fact the historic resource is validated and expanded.

You may be of the opinion that the historic resource isn't promotable while I contend that  in the current environment, it is a failure of management not to have had market awareness teams in place in lock step with the financing.

The stock price and daily volume suggest one or both of us are likely correct to some degree.

I don't get hung up on the whole pump argument. The entire venture exchange is built on pumping and the CSE is one up on the Venture these days.

You make your money on the companies that understand the game and apply it to each and every milestone they achieve in advancing their projects.

Imagine the company announced they found a Covid fighting frog slime in a pond on a farm within the Cabacal property .............. the stock would rip to $9.00 in a heartbeat.

Nobody complains when they participate in a good pump .................. just ask Rosie.
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