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9.3¢ meteoric resources nl

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TheAlpha1

471 Posts.

215

13/02/24

13:06

Post #: 72380092
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Originally posted by ozbucheron: ↑

What do you mean "forge" @TheAlpha1?

The ARR 2.3Bt resource grades roughly 3,200ppm. The 4-5% grade in the table posted by ARR is not the resource (JORC) grade in the ground but a grade produced by hard rock mining, crushing and grinding then cyclone and magnetic concentration. By the way...about 20% of the REOs are lost in the process of concentration.

Their table says "Reduced Capex and Opex", it doesn't say low capex and opex. It's hard to see how their costs have been reduced when as far as I know they haven't estimated any.

The claim that their costs are reduced stems from the concentration steps which reduce the size of the downstream plant where they cook and acidify the concentrate to enable leaching of the REEs.

Still forge ahead with accusations.

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5% upgrade from 3.5% because of the ore being used of lower grade in the study. Hence the chart is not lying, unlike the MEI Photoshop job! I'm done debating this, I'm bored now! MEI IS STILL A BUY!

MEI Price at posting: 17.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 9.3¢		Change -0.007(7.00%)		Mkt cap ! $213.0M

Open	High	Low	Value	Volume
10.0¢	10.0¢	9.1¢	$556.3K	5.826M

Buyers (Bids)

No.	Vol.	Price($)
3	83500	9.2¢

Sellers (Offers)

Price($)	Vol.	No.
9.4¢	2307	1

View Market Depth

No.	Vol.	Price($)
3	83500	0.092
1	50000	0.091
6	214181	0.090
1	11240	0.089
4	242501	0.088

Price($)	Vol.	No.
0.094	2307	1
0.096	100000	1
0.097	70000	1
0.098	57894	1
0.100	85000	3

Last trade - 16.10pm 17/09/2024 (20 minute delay)

MEI (ASX) Chart