Dan,
MEE have got a long road ahead of them. First they need to raise capital. Give $2.4 million and issue 111 million shares to the CSIRO. $20 million will be needed for the trial plant. Conduct the trial burn. If the trial burn is successful then MEE will be a goer. If the trial burn is not successful then things will be very awkward. I think the best course of action for MEE is to sell off their Uranium and Gold tenements to fund the UCG program, that way minimising share dilution. The question is will it be enough and how long will it take?
MEE
metex resources limited
Dan,MEE have got a long road ahead of them. First they need to...
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