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4.5¢ meeka metals limited

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plough

33,750 Posts.

1801

02/08/24

15:42

Post #: 75047562
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Originally posted by binwood ↑

BTR in TH today for a merger with AME and a $20m raise. Going to move it to about a $160-180m MC.

I think the play for MEK is to get debt funding and hope for a bit of a bump in our scrip price and then try and consolidate OAU, GBR and maybe even ODY in. All within trucking distance you would then have c. 600koz+ of >3g/t OP material. Gives a huge amount of blend feed for Andy's well and time to drill Andy's well properly for extensions. The debt for plant would be less significant in a bigger combined entity MC too

Run a few years cashflow and then expand to 1Mtpa plant and you have a 100kozpa for 10 years producer.

Consolidate some stranded assets and should return multi-bags.

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You could also add EMC to your mix .
The Meekatharra area is considerably more prospective and often higher grade , than the worked over AME et al Sandstone area IMHO .
There are vast greenstone areas with govt surveyed high IP results (WIMAX publicly available info ) between Wiluna and Meekatharra and up to Plutonic that have yet to see a drill hole.
Its like what IGO and dd

Think Lion selection is backing the wrong horse with its new focus on that area so I sold my position with them .

MEK Price at posting: 4.3¢ Sentiment: None Disclosure: Not Held
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Last 4.5¢		Change 0.001(2.27%)		Mkt cap ! $55.56M

Open	High	Low	Value	Volume
4.4¢	4.5¢	4.4¢	$56.59K	1.262M

Buyers (Bids)

No.	Vol.	Price($)
1	13636	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	533858	3

View Market Depth

No.	Vol.	Price($)
1	13636	0.044
2	450000	0.043
3	130000	0.042
2	195000	0.041
5	129127	0.040

Price($)	Vol.	No.
0.046	533858	3
0.047	200000	1
0.048	252368	4
0.049	181180	1
0.050	344641	3

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