Hi Hellyeah - MEU is the operator for the Melton Project and only needs to pay $400,000 over 2 years for 50% of all commodities in the Melton tenement with MOX paying the rest. This is vital when comparing MEU to MOX regarding Melton plus, MEU has all of MOX's U projects stand alone. MOX will be paying sums for exploration way above MEU's outlay - MEU was very fortunate - herein lies the major difference, asthe tenements were principally, when provided to MEU, for exploration only. There is a very big difference between MEU & MOX. MEU has oodles of cash but MOX has recently had to endeavour to finalise a SPP to intitialise Kangaroo island , manganese etc. IMO, they very separate entities - being an "Operator" is very sig for Melton, however, primarily, MEU is a U company symbolised my IMO, the quite incredible JV with Teck Australia. IMO
NB. I have bought today to add to current holdings.
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1 | 33563 | 0.037 |
4 | 579416 | 0.036 |
3 | 470000 | 0.035 |
2 | 360000 | 0.034 |
2 | 600000 | 0.033 |
Price($) | Vol. | No. |
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0.039 | 34000 | 1 |
0.040 | 162676 | 3 |
0.041 | 13562 | 1 |
0.042 | 180450 | 3 |
0.044 | 164994 | 2 |
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