MEP 0.00% 20.5¢ minotaur exploration ltd

2.4 billion of ore, page-3

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    Using the lower end of the (2.4 to 4bn tonne range) and assume price for ore of $100 per tonne, that gives the value of the contained metal as $240 bn).

    Let's value this at just 0.1% (ie 10c per tonne) of the contained metal = $240m.

    Yet at MEP's current market price, the project is valued at just a few million...

 
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