Hi Hellyeah - MEU is the operator for the Melton Project and only needs to pay $400,000 over 2 years for 50% of all commodities in the Melton tenement with MOX paying the rest. This is vital when comparing MEU to MOX regarding Melton plus, MEU has all of MOX's U projects stand alone. MOX will be paying sums for exploration way above MEU's outlay - MEU was very fortunate - herein lies the major difference, asthe tenements were principally, when provided to MEU, for exploration only. There is a very big difference between MEU & MOX. MEU has oodles of cash but MOX has recently had to endeavour to finalise a SPP to intitialise Kangaroo island , manganese etc. IMO, they very separate entities - being an "Operator" is very sig for Melton, however, primarily, MEU is a U company symbolised my IMO, the quite incredible JV with Teck Australia. IMO
NB. I have bought today to add to current holdings.
announcement, page-9
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.1¢ |
Change
-0.002(4.65%) |
Mkt cap ! $44.54M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.1¢ | 4.0¢ | $64.13K | 1.579M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 315901 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 120172 | 2 |
View Market Depth
| Last trade - 15.20pm 02/08/2024 (20 minute delay) ? |
| MEU (ASX) Chart |