Agree Stocks168, very compelling value considering the suite of large scale projects!
MEP have too many quality targets for me to sit on the sidelines.
I have managed to accumulate a fair chunk but I am hoping the current market weakness continues for some time (selfish I know!!!) so that I can get a sizeable position.
Like I said, very selfish of me but I would love a short term drop into the teens on some volume.
Assuming only one of the MEP elephants come off, I see this as one of those stocks that will take several years to develop, given the obvious scale involved. I would imagine that we will have several re-ratings along the way but it could be some time away before we see fair value on this one. Happy to be proven wrong of course!
Nice to know also that the Kaolin is a relatively near term project although I must admit, it has proven to be a difficult one to research effectively. Looking forward to the DFS.
MEP Price at posting:
24.5¢ Sentiment: LT Buy Disclosure: Held
