MEY is no different to many, many struggling, marginally economic U3 explorers. The valuation of these companies are in the gutter: TOE, ACB, BMN to name but a few.
"..there is nothing sinister in the company taking a little more time to refine the economic model.."
This is bad news. The delays are always due to fact that the numbers don't stack up, and the company need more time to try and massage the figures. The exact same thing happened with BMN, and their flow process still has not been board approved. Heap leaching is the fall back option, as with MEY, but costs are higher.
MEY will need fund for at least 2 to 3 years until U# prices have any hope of increasing, and making this sort of company viable.
Cheers, Skip
MEY is no different to many, many struggling, marginally...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EL8 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
39.5¢ |
Change
0.005(1.28%) |
Mkt cap ! $121.8M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 39.5¢ | $418.1K | 1.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12818 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 8777 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |