MEI 2.27% 22.5¢ meteoric resources nl

Early days on both projects, encouraging results in the latest...

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    Early days on both projects, encouraging results in the latest announcement. If the news from Brazil whenever they come through aren’t spectacular, most likely, there will be a massive sell off and the SP will go to pieces but if they’re good, the perception will chance rather quickly and 10 to 15 cents maybe reached.

    Looking at the long time prospects for the company, my take is Juruena, Novo Astro deposits will play a vital role, and Butcher’s Creek could be a nice complement but not a company maker.

    The porphyry discovery at Alta Floresta to me isn’t here nor there because it will require a huge inversion in the middle of nowhere and then be very patient for a few years. If proven commercial, Meteoric will need to look for the heavyweights for a joint venture.

    I still have a lot of faith in Dr Tunks and his team to achieve their targets.

    High Grade Gold with abit of Copper from Juruena

    ▪ JUDD001 – 20.6m @ 94.5 g/t from 96m including3.65m @ 505 g/t

    ▪ JUDD008 – 14m @ 81.7 g/t from 141m including2.5m @ 287 g/t

    ▪ JUDD010 – 51m @ 1.33 g/t @ 1.5%Cu

    • JUDD022 – 4.4m @13.5 g/t from 300m

    • JUDD031 – 14.3 m @ 10.2 g/t from 293m

    • JUDD028 – 2.4m @ 37.9 g/t from 216m

    ▪ JUDD010 – 51m @ 1.33 g/t @ 1.5%Cu

    ▪ JUDD024 – 9m @ 15.6 g/t @ 0.21 %Cu

    ▪ JUDD031 – 11m @ 2.34 g/t @ 0.28 %Cu

 
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