I have been researching LYNAS RARE EARTH (LYC) MC $8.6B to get a comparison on assays of the REE that kicked them off. They have been in the RARE EARTH business as far back as 2003 and maybe even further but I couldn't find any exploration results and assays on their ASX page. Even with the monopoly CHINA has on REE world wide it was hard to get comparative grades they have in comparison to the many companies finding the mineral. If the grades of MEEKA mentioned in the ASX release today are comparable to LYNAS and CHINA then we are in business considering the territory that REE has been discovered at CASCADE . It has taken LYNAS a long time to get a move on in the RARE EARTH business and any new company coming up with a huge REE resource could move a lot quicker. So it is very interesting for MEEKA as they could well be the next big thing in RARE EARTH in Australia.
MEK Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held
