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....
Add MEI (ASX) to my watchlist
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $368.1M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.0¢ | $841.7K | 4.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 2076010 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 980515 | 6 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
18.5¢ |
Change
-0.010 ( 2.68 %) |
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| Open | High | Low | Volume | ||
| 19.0¢ | 19.0¢ | 18.3¢ | 1977352 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| MEI (ASX) Chart |