Australia's largest stock trading and investment forum Australia's #1 stock forum

MEI

4.76%

10.0¢ meteoric resources nl

Ann: Meteoric Stakes Additional Cobalt Ground at Mulligan, page-21

First 21 Last

Share
Profile

Follow
scrubzor

1,042 Posts.

48

23/11/17

20:50

Post #: 29069783
Share

Originally posted by procrastinato ↑

Probably having a JORC laterite reserve ready waiting for the cobalt boom helped a few. People can easily multiply the tonnage by the grade by the commodity price and get dollars in their eyes, whereas an explorer talking about dips and strikes, mafic this felsic that, can be confusing. The Australian laterite projects have the benefit of scale over grade, but most will hurt when it comes to funding time, as most (not all) are limonite/goethite type oxides needing costly HPAL beneficiation. Many of them were already drilled out in the past and were waiting for the nickel price to make them viable again (cheap SE Asian 'nickel pig iron' for industrial use destroyed the nickel price). Then along came the EV boom and a sustained rise in the cobalt price - "(wait a second, don't we have cobalt?) Introducing Company X, battery metals specialist, we have Cobalt AND Nickel". So they were already positioned to take advantage, while the sulphide explorers were busy staking claims in Canada, Africa, Europe, etc. and confusing the laypeople with geology terminology.

Promotion and marketing are also very powerful forces, essential even. It's not difficult to see how they have played out across the sector.

hope that helps

Expand

Great post, helped a lot!

MEI Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BUX

Buxton projects new graphite province discovery at WA Narryer play

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 11 more messages in this thread...

First 21 Last

Add MEI (ASX) to my watchlist

(20min delay)
Last 10.0¢		Change -0.005(4.76%)		Mkt cap ! $229.5M

Open	High	Low	Value	Volume
10.5¢	10.5¢	9.3¢	$1.345M	13.69M

Buyers (Bids)

No.	Vol.	Price($)
1	3765	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	515650	4

View Market Depth

No.	Vol.	Price($)
1	3765	0.100
1	134317	0.098
1	134317	0.097
3	334317	0.096
2	110000	0.095

Price($)	Vol.	No.
0.105	515650	4
0.110	802248	13
0.115	558105	4
0.120	399600	5
0.125	468848	7

Last trade - 16.10pm 04/10/2024 (20 minute delay)

MEI (ASX) Chart

Ann: Meteoric Stakes Additional Cobalt Ground at Mulligan, page-21

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Meteoric Stakes Additional Cobalt Ground at Mulligan, page-21

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News