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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 palfryvilleon Apr 01, 2021 10:51am
100 Views
Post# 32922534

RE:RE:RE:RE:I for one am not a naysayer.

RE:RE:RE:RE:I for one am not a naysayer.I like most everyone wants the SP to rise, however I am pretty content with the stability from the .20s of Feb to the high .30s now.  The only thing new is that they have started drilling, started geo, got access to the Uni's core and can assay it.  They have communicated this info to the market well in my view.

The last NR told us the new core on the twinned holes "looks" the same as the historic as they/we had hoped it would.  This is good news but this was known and hoped for since last summer so its nothing new.  If the cores didn't look as expected it would have been a huge miss but that doesn't make it a hit as it's already baked into the SP.

A sharp rise on hope would simply retrace, waiting for real "new" news and that would only help someone looking to exit at .50 which is not me.  There are enough pumps out there already.  We also have had some deep pockets come aboard lately and they are not interested in .50 either.

I think the most notable info that may get the markets attention will be if the drills find extensions and increase what is currently somewhat known.  Of course the assays of the historic holes will flesh out the story with a RE and may confirm that RIO got distracted back in the 80's by a big shiny object and missed the value Cabacal holds.  Brownfield development is all the rage these days so we fit into a great narritive that the market will notice, we just need some beef in that bun and it will come.
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