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STTCOMP MEP FA LONG MINATOUR RESOURCES SP - 4.5c SOI 335mil Cash...

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    STTCOMP MEP FA LONG

    MINATOUR RESOURCES
    SP - 4.5c
    SOI 335mil
    Cash $3.9mill
    MC - 16mill.
    ENTERPRISE VALUE 12million.

    MEP is the JV partner to ADN in the Halloysite-Kaolin project on. 25/75% split.  ADN is in a TH currently and it’s MC is sitting at 100mil based largely off the news coming out of the JV recently.  On a like for like basis this should be adding around 20-25mill to MEP for their share.

    Their JV with OZL for the Jericho copper play should be releasing further news soon but OZL have already agreed to free carry MEP through to production whereby MEP hold a 20% interest. Free carry!!

    Also hold 23million shares in AOU which has SP of 9c currently,

    this should have a MC closer to 30million any day of the week IMO but please DYOR
 
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