MEI economics have been a major let down for the whole REE sector and this has been reflected in their SPs today (including ENV)
Can we differentiate with CODA in that we may well have Titanium and Niobium as well - 3 products for the price of 1! Very good chance that we have titanium and there is a "decent" chance that we have niobium - Resouro has discovered niobium at Tiros and they're only 20kms away from CODA South.
Can't say I'm not disappointed with the figures put out by MEI but looking at the bright side, our potential company making asset, CODA, is not in the Caldeira where MEI and VMM are but it's at Patos and it could be a completely different ball game - they can't all be lumped into the same category although all are suffering due to China pushing the prices of REE down massively.
MEI economics have been a major let down for the whole REE...
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