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8.7¢ meteoric resources nl

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100 Posts.

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07/09/23

13:25

Post #: 69769616
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Originally posted by ChinaSyndrome: ↑

I like your enthusiasm, however I would prefer to see the Company now concentrate on proving up a Reserve at reasonably shallow depths, the trick here is to get into production ASAP with as low OPEX & CAPEX as possible. Forget the deep stuff, it costs far more to mine, ~ at 150m depth you would need at least a 2km haul roads to get out of the pit, adding around 5-8min to the cycle time for a 60t ADT adds $20-30 per load to the cost of each load (OPEX+) and you will require a bigger fleet to meet production rates (CAPEX+)

Having two rigs does not mean that you have a spare if one breaks down, (the second rig continues to work, you don't cannibalise a working rig to get a dead rig working !, It only mean that the inventory cost of spare parts and consumables can be shared between two, and of course you get the job done quicker.

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Rest assured Tunks and team, who know what they're doing, are doing what is best for the shareholders.
Have a look at this video which was posted by another shareholder.

MEI Price at posting: 22.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.7¢		Change -0.003(3.33%)		Mkt cap ! $201.6M

Open	High	Low	Value	Volume
9.0¢	9.0¢	8.3¢	$558.2K	6.431M

Buyers (Bids)

No.	Vol.	Price($)
1	28434	8.6¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	389185	12

View Market Depth

No.	Vol.	Price($)
7	1360328	0.085
5	295114	0.084
4	86174	0.083
7	231560	0.082
4	468246	0.081

Price($)	Vol.	No.
0.087	417824	13
0.088	335392	5
0.089	15900	2
0.090	1189615	4
0.093	125000	1

Last trade - 15.29pm 06/09/2024 (20 minute delay)

MEI (ASX) Chart