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Cerrado Gold Inc V.CERT

Alternate Symbol(s):  CRDOF

Cerrado Gold Inc. is a Canada-based gold production, development, and exploration company focused on projects in the Americas. The Company is the 100% owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina and is the 100% owner of the Mont Sorcier Iron Ore Project in Quebec, Canada. In Canada, it holds a 100% interest in the Mont Sorcier Iron Ore and Vanadium project, which has the potential to produce a premium iron ore concentrate. The Minera Don Nicholas (MDN) property is located in the mineral rich Deseado Massif in the province of Santa Cruz, totaling 333,340 ha's of concessions. MDN is producing operating mining from two separate open pit areas, La Paloma and Martinetas. The Mont Sorcier Iron ore property is located just 18 km outside of Chibougamau, Quebec. The Property hosts a large Iron resource with significant and extractable Vanadium.


TSXV:CERT - Post by User

Comment by Beluga2020on May 17, 2021 6:13pm
151 Views
Post# 33216986

RE:RE:RE:Walking on thin ice:

RE:RE:RE:Walking on thin ice:Yes I am not surprised that they are losing money as they are ramping up production and spending on capex. This is normal for a company at this stage of their operational development.
I expect the Don Nicolas mine to be profitable once they execute their current plans. Besides, people are not  investing in the now. Markets are forward looking and invest in potential and future earnings, which CERT has a lot of.
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