Meridian Mining UK Societas T.MNO

Wait and See

[PFAFF2]

First: I have heard nothing about drilling beyond the last company NR.   This funding is huge.
Forget the pile.  Ounces of gold near surface, plus high grade copper are the story.
This is a regional play, it will take a long time to fully develop.  I'm holding tight: I believe
we are headed to $1.50 next (my chart).  Why sell?   Unless it goes to the PP, of course.  B
P.S. The pile is an interesting play.   But the present target is too deep to open pit, but could be ramped down to from a future shallow open pit.  Not a deal breaker for me.  B

[palfryville]

I agree Pfaff,  this play is all about LOW cost near surface resources.  Give me 26@21 or 54@2.6 all day long over deeper gradeporn.  If 58 or 66 hits something it will be interesting for sure and will help to define the regional story, but it won't make the play either way...

[FreddieSanford]

Lots of insight there Pfaff2. Takes me back to the days we were discussing the Artillery Peak Feasibility study that was to be released. You cautioned that the Capex was going to be extremely high and sure as chit it came out at the $1 billion plus mark.  It's experience like that that makes me go ... hmmm ... when you say "forget the pile".  Cuz nobody on the street saw

[lechmeir]

"Forget the pile." What did I miss.  What pile is this of which we speak?

[randys1]

I believe the pile is referring to the pile of goodies that hopefully hole 58 and 66 are about to penetrate.