$30m is a lot imho, also the grade on the initial holes is lower than MEI's high grade core(although could improve with depth no guarantee)- i think MEI has the better ground. MEI's main thesis is the high grade core 4000-5000ppm+ thats where it gets economic and nearly all the valuation for MEI is in the higher grade core 4000-5000ppm+ hits it is getting. unless this gets a bit higher grade hits, it'll struggle imho.
Ann: Acquisition Potential Tier One Ionic Clay Rare Earth Project, page-33
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Last
74.0¢ |
Change
-0.040(5.13%) |
Mkt cap ! $47.54M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 74.0¢ | $101.9K | 135.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 48214 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.5¢ | 7227 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| VMM (ASX) Chart |