Presentation in Melb

From Peak Asset Management:

"Australian shares rose today to close at their highest level in nearly two months as buying in the big four banks helped to lift the index...

The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each bumped up 0.6 per cent to 5772.1 points and 5840.8 points respectively.

We also attended today’s Meteoric Resources (MEI) Melbourne lunch with Shastri Ramnath (Technical Director) and Marnus Bothman (Operations Project Manager), with around 18 brokers and investors.

The “buzz” around the room was profound with their Midrim and La Force (Quebec) projects showing great promise with historical grades of above 3.52% Ni and 4.18g/t PGE/Au from 40.65m.

However, it is the Iron Mask (Ontario) and Mulligan (Ontario) that got us really excited...

Chip Samling grades of 11.3% Co and bulk samples av. 15% Co and 279 g/t Ag is “mouthwatering” and given the proximity to BM1, which is listing on the TSX at “apparently” >$100M market cap, we see MEI as a cheap entry at these levels."

Right next door to BM1. This has got a long way to run to get to fair value IMO.