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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 TFSAfundson Nov 29, 2023 4:13pm
79 Views
Post# 35759579

RE:Well

RE:WellMaybe McLeod is just biding his time... With the updated RE/PEA out in due course, he could be talking up a storm getting friends and family up to speed on this investment. It'll all come down to what the updated reports say, the RE in particular. How will the resource have grown? If 2X+ things will look very promising, if under 2X we'll languish at these levels until the Santa Helena RE is released, at the minimum! PEA numbers... Capex (initial and sustaining) , payback period and production levels are already quite impressive - difficult to improve upon much. I'm waiting for the updates... then we'll see and maybe McLeod's influence will take hold.
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