You have to hand it to the MEI team. These announcements just get better and better. Really shows the quality of the understanding and interpretation of the geology and mineralisation
The overall huge TREO grades and intercepts are outstanding enoigh - but the grades and intercepts of those heavies (HMREO) are huge - it will be interesting to see this space develop, and could add a significant new value driver for the project...
What a great announcement after the Lithium led carnage in the market in recent weeks.
A good reminder of the value here with MEI - low end of the projected opex, top end of globally comparitive grades and tonnage all from surface. Majority of other IAC projects would not survive in this market environment.
Congratulations to management, unreal!
MEI Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
