Hi @Jono93 and @Gibbo83 - are you blokes cousins or something ??
MEI is a great low cap gold stock with two established gold projects, each about to announce a PFS, or Scoping Study whichever you call it.
The PFS establishes the way forward to DFS where economics of mining are introduced and then to BFS where Capex and Opex are established to higher accuracy and the capital is sought.
More exploration of the high grade near surface deposits will proceed in parallel and will push up the price, but for major SP growth this is now a mining development company.
So is that the type of company you are interested in investing in, or are you more interested in outright exploration to discovery?
Note also, there has been an aborted attempt to discover a porphyry in Brazil - a wee bit crazy IMO, with such good ounces already on the table.
Future of that effort should be referred to a JV and may add value in due course.
GL with your investments, specially here where the future is relatively risk free. DYOR.
Hi @Jono93 and @Gibbo83 - are you blokes cousins or something...
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Last
12.0¢ |
Change
-0.010(7.69%) |
Mkt cap ! $280.4M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 11.3¢ | $958.4K | 7.944M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 400000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 306169 | 5 |
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| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| MEI (ASX) Chart |