Meridian Mining UK Societas MRRDF

Copper hitting new highs!!!! absolutely on fire!!!

[BlackAngus1979]

Great Plan from MNO yesterday...Good to see that we will have 5 drills turning but it is just a plan.....lets see results.

Drills have been turning for the last year and the results have been very inconsistant. With 5 drills going we should see a news release on results every two weeks, in addition to the corporate advancement news.

@HG.1: 4.4685 +0.034 (+0.77%) (cnbc.com)

[drCashcow]

In the press release they say the cost of the facility will be paid back in 10.6 months. They are using USD gold 1650, copper at USD 3.59 and silver at USD 21.35. We now have gold up 40% copper up 25% and silver up 27%. The increase is about 31% 10.6 months x 69% is equal to  7.3 months pay back.

[drCashcow]

STICK WITH ME ON THIS ONE!  We pay off USD $180,000,000 in 7.3 months so lets look at the first 4 years production.  48 months - 7.3 months to pay back. Leaves 40.7 months. USD 180,000,000 / 7.3 months = 24.65 USD per month.  40.7 months x USD 24.65 million = USD 1003 million USD profit in the 40.7 months.  USD 1003 million/ 400 million shares = USD 2.50 per share / 40.7 months

[lechmeir]

"and we are @ CDN $.41"   We just aren't getting the love we deserve.  I have to believe it will happen though.

[Silverado1]

What's up with the trading today..Huge volume.. The people in the know are controlling the Horizontal and the Vertical 

[drCashcow]

`I AM GOING TO CORRECT MYSELF   The equation should be:  1003 MILLION USD/ 300 MILLION SHARES NOT 400 MILLION SHARES = USD 3.34  PER SHARE/  40.7 MONTHS = USD  .082  PER SHARE  X  12 MONTHS =  USD  .985  PER YEAR   or   CDN $ 1.37  and we are  @  CDN .47  IF WE WERE TO TRADE  @ 10 TIMES

[drCashcow]

WHEN I DID THE EQUATION GOLD  WAS USD $30.00 CHEAPER. COPPER IS USD  .16  HIGHER  AND SILVER IS   USD .23 HIGHER

[drCashcow]

lundin earns .43 and trades at 16.60  thats 38 x earnings (just saying)

[drCashcow]

Ivanhoe mining trades @54 times earnings