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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 lechmeiron Nov 18, 2023 10:01am
115 Views
Post# 35742494

RE:Is the thinking

RE:Is the thinking


There are a few catalysts coming.

I'm thinking a recovery in the price of copper, combined with an end to the US Fed's tightening cycle will help the share price. 

China's economy is still in trouble, and they're a major copper consumer.  Hopefully they get back on track.  Meanwhile green energy needs a lot of copper... There are a lot of moving parts here.

Speculation is that the first interest rate cuts may be as early as the first quarter.  That will light up gold for sure. There are also an updated RE, an addition of the St Helena RE, the refinement of the PEA and the application for a license... so lots of green shoots.

It's been frustrating, but I can hold out and see it through.

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