MEI is pumped up. The risk/reward is not looking good for new entrants IMO
LIN's grades are 4-5 times better, and the intercepts are 10-15 times wider.
Yes, MEI has a soft clay deposit. But they need to have 50 times the area of LIN to have the same quantity of rare earths (thinner intercepts/lower grade). Operating costs go up as you move from place to place to dig up the ground.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-85
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Last
9.1¢ |
Change
-0.005(5.21%) |
Mkt cap ! $104.9M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 9.7¢ | 9.1¢ | $153.8K | 1.649M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 287108 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 153071 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| LIN (ASX) Chart |