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15.8¢ meteoric resources nl

Ann: Capao do Mel Resource Update Doubles Caldeira M&I Resources, page-24

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GKeden

2,154 Posts.

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13/06/24

15:55

Post #: 74300869
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Originally posted by CORNBRED: ↑

Hello.

I think you will find the "whopping" Carina CAPEX is largely in line with Penco (Ausenco engineers, same as MEI) CAPEX per mtpa feed rate. So MEI capex can be scaled very accurately from these two data points. The 0.7 rule is a tried and true engineering tool to scale CAPEX with mtpa. I think this poster has had a good crack Post #:74150694, 325m USD for 5 mtpa is my best guess for MEI based on those two studies. I don't know how brokers get 200 or 250m USD for MEI, obviously paid broker reports and trying to fluff up a project that can stand on its own two feet just fine IMO.

Carina appear to have used very lofty LoM price assumptions, ~US$150/kg Nd2O3. This practice of just picking rare earth price input assumption from US$91/kg (ARR) to US$200/kg (IXR) means it is physically painful to try make sense of or compare study outcomes. Even ARU at $450m market cap used a very hefty US$135/kg Nd2O3 LoM price in their updated DFS.. MEI's communication suggests they are going to buck the trend at US$50/kg Nd2O3 which will put the cat amongst the pidgeons!

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Hello. All i can say is god's gift to halloysite (ADN) came to mind, which was 36.5 cents and now 1.8 cents.

Last edited by GKeden: 13/06/24

MEI Price at posting: 16.8¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 15.8¢		Change -0.003(1.56%)		Mkt cap ! $318.4M

Open	High	Low	Value	Volume
16.0¢	16.8¢	15.5¢	$1.072M	6.670M

Buyers (Bids)

No.	Vol.	Price($)
45	4449891	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	421675	21

View Market Depth

No.	Vol.	Price($)
45	4449891	0.155
33	1350946	0.150
3	410000	0.145
7	278000	0.140
2	343727	0.135

Price($)	Vol.	No.
0.160	390504	21
0.165	170211	4
0.170	546424	8
0.175	694924	3
0.180	233384	3

Last trade - 15.21pm 24/06/2024 (20 minute delay)

MEI (ASX) Chart