Cerrado Gold Inc V.CERT

Alternate Symbol(s): CRDOF

Metals & Mining Gold

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

Cerrado Gold Inc > New Press Release - Cerrado Gold Signs Option and Loan Agreements With Subsidiary of Hochschild Mining PLC for the Sale of the Monte Do Carmo Gold Project for Total Consideration of US$60 Million (C$80 Million)

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Comment by TBill3on Mar 05, 2024 10:37am

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Post# 35915672

RE:New Press Release - Cerrado Gold Signs Option and Loan Agreements With Subsidiary of Hochschild Mining PLC for the Sale of the Monte Do Carmo Gold Project for Total Consideration of US$60 Million (C$80 Million)

So they have a market cap of 26 million CAD and just got 80 million CAD for the sale of the Brazil project. This deal is worth 80 cents a share and it is trading at 26 cents. They still have the Argentina mine generating revenue and the Quebec propert to develop. Seems like a steal. Am I missing something?

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