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22.5¢ meteoric resources nl

Chuquicamata, La Escondida and El Teniente are huge Porphyry...

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Geologytragic

184 Posts.

63

16/08/21

14:11

Post #: 55324028
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Originally posted by Maccajohn: ↑

Seriously $1! It produces a market cap of about $1.25b!

Solgold which has an enormous resource is valued a bit less than that and it has taken them how many years to drill it out?

Have a look at the MC of Hotchilli (HCH) which has a decent resource and a MC at nothing like $1b or even close to it.

If they find somethings like Solgold we may get there a minimum of 5 years and more like 10 years and that is a long time to wait.

To get there a lot early would probably mean it has found the biggest ever porphyry mineral deposit or the highest grade porphyry ever discovered and no one will know that for years.

Brazil is not the best country to discover a big deposit. Neither is Ecuador or Chile.

Palm Springs won't be that significant from results to date to justify anything like a $1b MC.

My comments don't mean I am negative on MEI. I still rate it a buy and I am more realistic on the future SP.

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Chuquicamata, La Escondida and El Teniente are huge Porphyry deposits in CHILE
Mirador is another big one in ECUADOR
Need to read and research a bit more before making misleading statements

MEI Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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