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Bullboard - Stock Discussion Forum Meridian Mining UK Societas T.MNO

Alternate Symbol(s):  MRRDF

Metals & Mining Industrial Metals & Minerals
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... see more

TSX:MNO - Post Discussion

Meridian Mining UK Societas > Numbers
View:
Post by TradesInc on Oct 20, 2023 11:07am

Numbers

TFSA. It has to be noted that your favorite stat is at an All Time High...lol. Gold in $CDN Terms last traded at $2,728 Oz. But I digress. Cabasal first year all in cost is $600 US to produce. At current Gold Price. $1400 US Profit Per Oz. Estimated first year production at Cabasal 200,000 OZ.  Almost $300 Million US Profit first year. MNO has to be the cheapest stock on the TSX. IGWT!
Comment by TFSAfunds on Oct 20, 2023 2:59pm
Trades, did POG spot price not exceed $2775 CDN on May 3rd of this year? But, I like to view the "actual" POG in terms of the base currency of USD. Of course, as our CDN dollar drops in value relative to the USD, it does appear as though POG is approaching record heights. So... is gold really worth more or is it just that your yardstick has shrunk? Numbers, like statistics, depend on how ...more  
Meridian Mining UK Societas