Ann: New Palaeochannel identified as host to Titanium discoveries, page-10

MEU now must surely be one of the best and most promising small exploration companies in Australia, with what appears to be a very large near surface high grade goldfield (and maybe some very high grade underground deposits waiting to be drilled), some excellent uranium deposits, and now some of the best titanium prospects that I can recall seeing anywhere.

Although the shallow gold is suitable for potentially very profitable low-cost heap leaching, the deeper ore might require greater processing, and as has been pointed out, BGD have a mill close by. However, the previous legal stoush between the two companies might prevent a deal being done, although profits might be tempting enough for them to kiss and make up.

Any one of MEU's three main commodities - gold/uranium/titanium - could potentially become a valuable stand-alone operation, plus they still have extensive tenements to explore, and all for a total market cap of $46M. Amazing.