To mine eyes this looks like a long-term play by both companies. The timing looks great with MEI projected to start production in the second half of 2027.
"Neo Magnequench plans to begin phase 1 production in 2025, with a production target of nearly 2,000 tonnes per annum of rare earth magnet block. In the second phase, the company plans to produce 5,000tpa."
Source; Neo breaks ground on rare earth magnet facility in Estonia
To mine eyes this looks like a long-term play by both companies....
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Last
16.8¢ |
Change
0.013(8.06%) |
Mkt cap ! $308.4M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 16.0¢ | $259.5K | 1.587M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 301911 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 896824 | 23 |
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| Last trade - 11.21am 04/07/2024 (20 minute delay) ? |
| MEI (ASX) Chart |