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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 Sep 30, 2021 10:53pm
126 Views
Post# 33950844

RE:Wait and See

RE:Wait and SeeLots of insight there Pfaff2. Takes me back to the days we were discussing the Artillery Peak Feasibility study that was to be released. You cautioned that the Capex was going to be extremely high and sure as chit it came out at the $1 billion plus mark. 

It's experience like that that makes me go ... hmmm ... when you say "forget the pile".  Cuz nobody on the street saw the massive Capex coming for the Artillery Peak deal  ... not the way it was being pitched prior  ... as it was pitched as something much more robust than what was revealed after the lengthy halt. So many investors blind sided but you had the read on it before AMY  released the study and no I'm not saying you read the study before public release ... you just had a read on what was to come out.

So when you come out and play down the VMS pile play ... a play Clark has touted pretty robustly ... and you provide detail as to why it isn't relevant ... not in an open pit context anyway ... that's valuable insight.

Nobody should be blind sided by a VMS pile/conductor story that doesn't live up to the hype.

I agree with you wholeheartedly ... we shall wait and see what the drill reveals about that conductor.

Could be interesting or could be forgettable ... let's see how your read plays out.



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