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Bullboard - Stock Discussion Forum Cerrado Gold Inc V.CERT

Alternate Symbol(s):  CRDOF

Cerrado Gold Inc. is a Canada-based gold production, development, and exploration company focused on gold projects in South America. It is an owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina, and the Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing its owned Mont Sorcier Iron Ore... see more

TSXV:CERT - Post Discussion

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Post by Chizkiyahu on Dec 06, 2022 7:47am

news

I saw the new press release, I'm happy to hear that:

First gold pour for Heap Leap Project targeted for April 2023. I bet CRDOF will go above $1 next month.
Comment by ABDPhil on Dec 07, 2022 9:56am
The use of debt to expand the heap leach project should also have you concerned about the profitability of MDN's operation. Up to you.
Comment by Mulli15 on Dec 07, 2022 12:36pm
Phil, at what price would you buy this stock? The heap leaches should turn around the Argentina project no?
Comment by ABDPhil on Dec 07, 2022 2:18pm
Heap leaching is a way to recover some of the costs associated with moving ore that is too low grade to be processed at the plant.   Will the additional revenues be sufficient to offset the costs required by this process; the repayment of the new credit facility and losses from the MDN plant? If this decision has been made, we can assume that it will be profitable.   HOWEVER, the ...more  
Comment by Brioche on Jan 19, 2023 11:23am
...5.83  g/ t ... record .. any comment ? -))