MGO 0.00% 14.0¢ marengo mining limited

overlooked copper stock, page-2

  1. 1,273 Posts.
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    Strong interest in Canada overnight. One to watch over the coming days.

    Some key fundamentals:


    1. Capitalised at A$ 70 million;


    2. Over A$ 25 mill in bank


    3. Indicated Mineral Resource of 527 million tonnes @ 0.38% copper equivalent, for a mineral inventory of 1.49 million tonnes of contained copper and 122 million pounds of contained molybdenum;


    4. Inferred Mineral Resource of 766 million tonnes @ 0.33% copper equivalent, for a mineral inventory of 1.91 million tonnes of contained copper and 140 million pounds of contained molybdenum;


    5. An Inferred Mineral Resource of 1.29 billion tonnes for by-product metals of gold, silver and rhenium (not included in copper equivalent) for a mineral inventory of 3.3 million ounces ounces of gold, 56 million ounces of silver and 2.9 million ounces of rhenium;


    6. Resource Upgrade in progress, with project significant, highly substantial extensions to be added; and


    7. DFS due soon.

 
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Currently unlisted public company.

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