STTCOMP MEI, FA LONG
Market cap 12-14m approx cash 1m approx.
Copper cobalt and nickel
recent acquisition of very nice projects from Canada.
Same group which has been behind EUC, AL8. Secondly its a nearology play with BM1, Co1 and first cobalt. All of the three has decent market caps with MEI being a small cap. So it should be rerated based on peer comparison.
On top of this couple of experienced appointments suggesting that the team is working hard to make it an attractive play. The thing which I like the most is today's announcement:
Previous intersection of 19.6m at 2.99% copper, 1.85%ni and 3.22g/tPGE/Au from 15.5m. This is a very good hit and at such a shallow depth. I personally think holders will be rewarded fairly well in coming weeks/months.
Cheers
