$1 Here we come, page-6

Seriously $1! It produces a market cap of about $1.25b!

Solgold which has an enormous resource is valued a bit less than that and it has taken them how many years to drill it out?

Have a look at the MC of Hotchilli (HCH) which has a decent resource and a MC at nothing like $1b or even close to it.

If they find somethings like Solgold we may get there a minimum of 5 years and more like 10 years and that is a long time to wait.

To get there a lot early would probably mean it has found the biggest ever porphyry mineral deposit or the highest grade porphyry ever discovered and no one will know that for years.

Brazil is not the best country to discover a big deposit. Neither is Ecuador or Chile.

Palm Springs won't be that significant from results to date to justify anything like a $1b MC.

My comments don't mean I am negative on MEI. I still rate it a buy and I am more realistic on the future SP.