Very solid, at the $111 USD/kg mark it has lower NPV8 to the Aussie plays like ARU, ASM but CAPEX obviously in a different league. The benefit for MEI is it can make a positive IRR at spot pricing (although the NPV8 is much lower than the capex). A buy from me IMO.
Side note, confirmed CORNBRED can predict capex better than multiple broker houses. Cannacord, awaiting the job offer and sign on bonus!
Actual CAPEX US$403m. Broker predicitons US$200-250m.
Ann: Caldeira's Scoping Study Confirms Exceptional Financials, page-14
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Last
10.3¢ |
Change
-0.003(2.38%) |
Mkt cap ! $241.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.3¢ | $85.46K | 814.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 2969624 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 815770 | 14 |
View Market Depth
| Last trade - 10.08am 04/10/2024 (20 minute delay) ? |
| MEI (ASX) Chart |