Well thanks for the cheap shares this morning to the fools...

Well thanks for the cheap shares this morning to the fools selling at these levels. The pros have worked this down nicely so I do thank them for their hard work.

Mulligan is already factored into the SP as a duster IMO (still a fair chance the results are good though) but once the geophysics is complete for Iron Mask the bulls will return on expectations of very good drilling results there.

Here are the reasons that I like MEI and have invested.

-Diversified 5+ quality cobalt projects in a first world country, many with excellent historical grades.
-Constant drilling and newsflow for at least 6 months, including over winter.
-Midrim proven asset as backup insurance to limit downside.
-Quality experienced management and operations team with Tunks not doing a pump and dump but rather building long-term value.
-Fully funded drilling program for at least 6 months.
-Low $13M market cap and $10M enterprise value so the risk-reward with MEI is very very good IMO.