Fair call, they will need to define a resource and drilling is happening as we type.
With some strong intercepts across these new permits this year, on top of the defined Marenica deposit and on top of the DYL arrangement and likely PDN arrangement, and fingers crossed for an up trending uranium price, it's hard to argue that a $6m market cap is not screamingly cheap.
Moreover, we could see other miners interested in U-pgrade, even outside of uranium.
MEY has tested my patience but it is starting to come together.
Ann: Marenica Executes its Strategy to Acquire Uranium Deposits, page-3
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Last
41.5¢ |
Change
0.035(9.21%) |
Mkt cap ! $128.0M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 42.0¢ | 39.5¢ | $468.0K | 1.149M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18000 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 59166 | 3 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |