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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
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Post by baystock1on Apr 12, 2024 11:13pm
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Post# 35987168

Q2 2024 will be a lot better than Q4 2023

Q2 2024 will be a lot better than Q4 2023There is a chart here showing black market peso rate VS official rate: https://youtu.be/wlf92o7tm1A?t=265+ Note the huge gap between these 2 rates in Q4 with the black market value of the peso being almost 1/3rd that of the official rate. I think this is one of the factors behind Cerrado's liquidity issues and low cash flow margins. Note how in Q2 of 2024 how the 2 rates have pretty much converged. This along with the big increase in POG should help their margins bigly in Q2.
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