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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 Maybenow20on Jan 10, 2025 2:41pm
111 Views
Post# 36398498

RE:RE:Serious question

RE:RE:Serious questionSpeeding towards any construction at these sp is suicide. Assuming 400M$ CAPEX with 60% equity, that's 480M shares @ 0.50$ just for the construction - add another 30M$ or 60M shares to get there, you're at 840M shares... even assuming 1B$ in project equivalent MC, that's about a dollar per share. The stubborness to keep the strategy of building without consideration for sp or what the market values, just shows how some people have tunnel vision. One needs to move the sp first, then build on lower cost of capital. Now what's going to happen: everytime they put out good news, even the PFS, some will sell and put downward pressure on the sp, every time - how many investors will be willing to sell at 0.80$ ? With this market's lack of interest in MNO, will they even reach 0.60$ ? And the more time they take to get there, the more investors will be looking for the exit at any price. It's a death spiral and mngt has been aware of this for the past 3 years - tunnel vision.
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