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
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