TSX. MNO
Meridian Mining
https://meridianmining.co/operations/espigao/
"The Espigão Project is Meridian’s flagship manganese project in Rondônia. It is already producing and selling high-quality manganese oxide from surface colluvium while geological work is underway to identify veins of high-grade manganese to support longer-term production."
They are worth CAD$95M, so around AU$97M
They only have 2 plants, one can do around 30ktp.a the other upgrading to 70ktp.a, so 100ktp.a total
Their recent offtake wasn't that huge either, only 38kt
LONDON, Oct. 31, 2017 /CNW/ - Meridian Mining SE (TSX V: MNO) ("Meridian" or the "Company") today announced it had secured an off-take with Grupo Maringafor 38,000t, of which 20,000t will be prepaid in 3 tranches, with the first prepayment received in October, 2017.
There is nothing special about this to warrant it being worth 7.5 times EPM. Then again, ROL was worth $95M with a 700kt resource
So in the event EPM do prove up 1-2Mt and can have this processing 100-200ktpa, it really should be worth circa $100M+
Compared to both ROL and TSX.MNO, EPM is unbelievable value
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Mkt cap ! $13.50M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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11 | 3360138 | 0.005 |
6 | 3318096 | 0.004 |
4 | 3175000 | 0.003 |
3 | 4700000 | 0.002 |
Price($) | Vol. | No. |
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0.007 | 2180466 | 6 |
0.008 | 2000000 | 2 |
0.009 | 3521017 | 4 |
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