MEI is pumped up. The risk/reward is not looking good for new entrants IMO
LIN's grades are 4-5 times better, and the intercepts are 10-15 times wider.
Yes, MEI has a soft clay deposit. But they need to have 50 times the area of LIN to have the same quantity of rare earths (thinner intercepts/lower grade). Operating costs go up as you move from place to place to dig up the ground.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-85
Add LIN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $132.5M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $51.05K | 444.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 502855 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 55528 | 3 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LIN (ASX) Chart |