Interesting preso from the only other company I can find doing much these days in the area.
They have a trial mining licence and are a 4m m/c, obviously they havent had a seismic pump to their share price.
In this slide they compare the value based on in ground resources and on that measure one can form their own view whether MEI is fair value or the others on the list represent fair value.
I think MEI needs to pull back to that average 16$ per ounce as its clearly over the odds at $60. Thats one of the reasons I sold some at the highs as soon as seimsic pump started to go seismically quiet. Should have sold the lot in hindsight, but there will be one more pump left in them I reckon.
Once the pull back happens a bit more and we refocus on juruena I still am of the view that Juruena JORC likely to double but I have written off Novo, but who knows , none of us know more than the other despite how many of the same pretty pictures are posted over and over. A stock I dont own in WA is 10m m/c and has 600,000 ounces at good grade, so this was clearly pumped out of all proportion given novo clearly is not as pumped.
http://altamiragold.com/wp-content/...n-January-2020-Corporate-Presentation-PDF.pdfView attachment 1970752
