Monday's Monster Stock (Jan. 22)

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Here’s what to expect this week (Jan. 22)🧈

• 🗺️ A large & valuable project

• Money in-the-bank, over $18M raised in 2023

• Management involved in 2 previous acquisitions 🤝

• 2️⃣ Second promising project

This Monday’s Monster Stock is going into the upcoming year with everything a junior mining company could want - they’ve got funding, an experienced team and great projects.

2024 is going to be a BIG year for the team behind Meridian Mining. 

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👍Why do we like Meridian Mining (TSX: MNO, OTCQX: MRRDF)

• Huge open pit project: The Cabaçal project is polymetallic (gold, copper, silver) and located in Mato Grosso, Brazil. Meridian has recently come out with Inferred Resource of 10.3 million tonnes, which works out to about USD $573 million after costs, called a Net Present Value of NPV. Can’t argue with those numbers.

  • Cheap to mine: Each ounce of gold is expected to cost just over $650/ounce, and with gold sitting around $2,000, the project is economical

  • Starter Pit: There’s an area within the project where mining can start immediately, with about 3 million tonnes of material.

• 💸 No need to dilute: The company has money to to do more work. In April of 2023 they announced a bought-deal financing for $8 million, but quickly increased to $16 million and then $18 million. Safe to say they are cashed up.

• Experience Management: CEO Gilbert Clark has over 20 years of industry experience but Chairman of the Board, Bruce Mcleod is the real star. He’s played pivotal roles in high-value acquisitions and mergers, including the sale of Sabina Gold & Silver Corp. for C$1.2B and Kaminak Gold Corp. for $520 million.

• Additional Project: Meridian has identified a substantial exploration target at Santa Helena, which could potentially yield 306,000 to 763,000 ounces of gold equivalent.

⚠️Risks⚠️

• Stock action: The stock is down a fair bit from it’s ~$1.40 highs, and while that may sound the alarm to a few, the smart know it’s an opportunity to take advantage. Expect a bit more volatility as the markets creep back into green territory in 2024.

This weeks pick: Meridian Mining (TSX: MNO, OTCQX: MRRDF)

This company is entering 2024 with money in the bank, two exceptional targets with tons of upside and a management team who’s done this before.

Meridian Mining (TSX: MNO, OTCQX: MRRDF) checks all the boxes, and if they can prove their theory, that acquisition check box might not be far off.

Current Stock Trading Details:

• Stock Symbol: TSX: MNO, OTCQX: MRRDF

• Stock Price: $0.32 (as of Jan. 21)

• Market Cap: $78M

👋 Colton, Stock Monster

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This newsletter is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions. We have not been compensated in any way for this pick or content; we genuinely just like it, and because of that, we likely bought shares, assume we own it.