Soberbo looks very promising and Minas Gerais is one of my favourite mining jurisdictions in Brazil. In general I feel Brazil has a lot going for it in terms of risk reward for mining companies compared to other countries i've invested. MEI definitely a favourite for me.
Another company i'm excited about in Brazil is Tucano Gold (ex Beadell Resources) which is up in the north, with a 3.5Mtpa plant ready to go and plan to switch it on next month. Targeting 100k+ ounces a year with open pit and underground. Very undervalued for what it is right now as still private but they plan to IPO later in year - here's the latest newsletter from them http://eepurl.com/iPCRhE
MEI rare earth metals and gold investments in Brazil
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Last
10.3¢ |
Change
-0.003(2.38%) |
Mkt cap ! $235.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $135.0K | 1.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 3074312 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 991679 | 26 |
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| Last trade - 11.55am 04/10/2024 (20 minute delay) ? |
| MEI (ASX) Chart |