MUN Mundo Minerals

[donnie]

Heres a small company thats just listed, it wants to become a producer in the future. A nice announcent out today. this looks like a good long term investment.

http://sa.iguana2.com/cache/34b7d017...MUN-351315.pdf

http://www.mundominerals.com/mundomi..._projects.aspx

Background Information

Mundo Minerals Limited is a newly established Australian gold company focused on the exploration and development of a
portfolio of advanced, high-quality gold assets in South America with the potential to position the Company as a substantial
new mid-tier Australian-domiciled gold production house.
Mundo is aiming to commence initial production at its flagship asset, the Engenho Gold Project in Brazil, within 18
months, laying the foundations for its growth strategy as a mid-tier Australian-domiciled producer focused on small-to medium
sized high-grade ore bodies in South America.
Mundo intends to establish a CIP treatment facility near the Engenho ore body, with estimates from Brazilian manufacturers
and contractors indicating that the capital cost of a plant with a 150,000tpa treatment capacity would be approximately
US$7.5 million.
A total of approximately $7.6 million of the IPO funds will be allocated towards exploration and acquisition costs
associated with Mundo’s other two assets, the Torrecillas Gold Project in Peru and the Tocantins Gold Project in Brazil.
These projects have the potential to yield multiple resources to underpin the Company’s long-term growth.
At Torrecillas, Mundo has negotiated an option to explore some 9,000ha of tenements with a history of high-grade gold
production in south-eastern Peru, a region which hosts a number of small-to-medium sized gold mines, including the Area,
Capitana, Arirahua, Alcapay and Laytaruma operations – each of which have a production range of 25,000 – 80,000oz per
annum. Under the option agreement, Mundo has a period of 14 months from 1 February 2006 to prove a minimum resource
of 150,000 ounces of gold at 12 g/t. It can exercise the option and acquire a 100% interest in the tenements by paying a
maximum of US$2.25 million.
The Tocantins Project is a joint venture where the Company has agreed to spend US$1.3M to earn a 51% interest in
tenements controlled by Gamaleira Prospeccao E Geologia Ltda (a Brazilian joint venture between AngloGold Ashanti and
IAMGOLD Corporation). Mundo can increase this equity to 80% by taking any gold resource to a bankable feasibility
study. The Tocantins tenements are located in a highly prospective region which includes three greenstone belts with the
potential to contain multiple mid-size gold deposits.
Mundo’s IPO brings to the Australian market one of the most accomplished and high profile senior management teams
assembled in the resource sector in recent times. Mr Langford, who headed up the corporate finance division for Deloitte in
Western Australia for 10 years, has extensive experience in the Australian resource sector and is well-known as a Director
of Palace Securities Pty Ltd, the company that owns the Diggers & Dealers Mining Forum.
Joining him on the Mundo Minerals Board is a high-profile group of resource industry leaders including non-executive
Chairman, Mr George Jones, Brazilian-based Executive Director, Mr Michael Schmulian, Australian mining executives, Mr
Brian Hurley and Mr Barry Eldridge, and well-known Perth lawyer, Mr Rob McKenzie.

[shasta]

MUN - Presentation

Looks on track to achieve 150,000/oz Au production in 2012 from projects in Peru & Brazil, & with a market cap of just $30m!

http://www.stocknessmonster.com/news...E=ASX&N=506821

Disc: On close watch

[COLIN]

I have been tossing up between MUN and MGO, and decided to go with the latter, today, but will continue to watch MUN.

[COLIN]

I have been tossing up between MUN and MGO, and decided to go with the latter, today, but will continue to watch MUN.

Well, I might have made the right choice, here, begorrah - my MGO up 50% since purchase. Trading Halt, pending announcement re possible partner and capital injection.