I'm really liking how MEG has been trading lately. It's a shame they ditched the rare earths play, but they must be eyeing something they think has way more potential to really make the company.
For 4 million dollars enterprise value, there's a lot to get excited about here. Gold and copper prices are at or near all-time highs, and MEG is working on locking down an 80% stake in what they're calling a "major European copper project."
And don't forget about their gold ground next to the Aquilon project. That's where they found some of the highest grades ever seen in Quebec - we're talking 834 grams of gold per tonne!
Honestly, it won't take much news to get this stock moving, since the upside here is way bigger than any downside risk. With Next Investors backing them and not many shares on issue, this has got to be one of the best risk vs reward plays on the ASX right now.
