MEI with its superior grades and size should value the company currently many times its existing market capitalisation. The market only starting to wake up to it, this tier 1 world class discovery of rare earth would be rerated any time now. I suspect we could be nearer $2, considering VMM $1.60 with almost the same market capitalisation. The market can see value in the long term and rerating is on the way.
General discussion (MEI), page-3977
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Last
14.5¢ |
Change
0.010(7.41%) |
Mkt cap ! $288.5M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.8¢ | $423.4K | 3.003M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 1616524 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 1154553 | 11 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MEI (ASX) Chart |