Catalyst Metals (CYL) is currently producing 110,000 ounces of gold annually and has a market valuation of $1.48 billion. It holds 3.47 million ounces in total resources, including approximately 2.7 million ounces in the Measured and Indicated categories.
Meeka Metals (MEK), with 1.24 million ounces in total resources and around 707,000 ounces classified as Measured and Indicated, is on track to reach similar production levels 80,000 100,000 ounces annually—within the next 3 to 4 years.
If MEK expands its resource and achieves this milestone, a comparable market valuation could represent a potential 4.8x re-rating from current levels, implying a share price of approximately $0.61 based on today’s gold price.
MEK Price at posting:
13.3¢ Sentiment: Buy Disclosure: Held
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