It’s oversold by people that hardly understand what they had...

It’s oversold by people that hardly understand what they had themselves into and cannot see the big picture. It is gloomy and in the short to medium term will be worse to come. These factors are outside the company’s reach because the manipulation of precious metals continue and the EEUU government will not be able to keep interest so low because inflation is already biting them and Mr Powell will have no choice but to raise them.
This last factor will make the NYE lose ground, the precious metals, all metals and the cryptocurrencies, the only winner will be the green back where massive amounts of capital will flow.

A reputable analyst house gives the valuation of $0.046per share to MEI, quite clearly, panic selling and lack of vision have helped to push the SP further south.

To those who think that mineral exploration can happen in a matter of weeks and production is a sure thing within a few months after a discovery; they’re sadly mistaken. I would strongly suggest to talk to LEGENDS like John Holliday(co-discoverer of the Cadia-Ridgeway deposit) or Ian Chalmers( discoverer of the huge rare earths deposit near Dubbo and the Boda/Kaiser porphyritic deposit) to see if it was easy to attract the desire attention to keep exploring. Not all the perforations had fantastic grades in any of the deposits mentioned.

In my mind the Dr. Tunks and his team has done a superb job, exploring in all projects. The results speak for themselves.

Here is a small sample of their achievements:

High Grade Gold

JUDD001 – 20.5m @ 94.9 g/t Au from 97m

JUDD008 – 14m @ 87g/t Au from 141m

JUDD031 – 14.3m @ 10.2 g/t Au from 307m

JUDD028 – 2.4m @ 38.8 g/t Au from 216m

Copper Gold Intercepts

JUDD024 – 6.7m @ 20.3 g/t Au & 1.86% Cu from 101m

JUDD039 – 51m @ 1.4 g/t Au & 0.25% Cu from 118m

JUDD031 – 11m @ 2.34 g/t Au & 0.28% Cu from 42m

“We delivered a maiden resource for Palm Springs, totalling 5.6 million tonnes at 2 grams per tonne gold for 357,000 ounces well ahead of schedule

We have also made impressive progress at our Juruena Project in Brazil where we increased the Mineral Resource Estimate to a total of 1.9 million tonnes at 6.3 grams per tonne gold for 387,000 ounces of contained metal and identified a quality porphyry copper target.”

744,000ounces for a year’s exploration, not bad

From the annual report 2020-2021, cash at the bank 3,967,738