MEI with its superior grades and size should value the company currently many times its existing market capitalisation. The market only starting to wake up to it, this tier 1 world class discovery of rare earth would be rerated any time now. I suspect we could be nearer $2, considering VMM $1.60 with almost the same market capitalisation. The market can see value in the long term and rerating is on the way.
General discussion (MEI), page-3977
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Last
10.0¢ |
Change
0.011(12.4%) |
Mkt cap ! $224.0M | |||
| Open | High | Low | Value | Volume |
| 9.6¢ | 10.5¢ | 9.2¢ | $479.1K | 4.892M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28215 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1303548 | 13 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MEI (ASX) Chart |