Hello. You are claiming MEI will be $2 per share or a $4 billion dollar company?
MEI is current at 15 cent company that many have to raise AUS$360M to build a mine. If MEI was lucky to borrow 2/3 of the CAPEX, they still need to raise $120M at lets say 15 cents, which is another 800M shares so your $4B is now a $6B company.
If MEI produces "concentrates", they only receive say 50% to 70% of the REE oxide price, depending on the quality of the concentrates I guess.
LYC has a REE refinery. Currently the LYC mineral deposit basket price is around US$13/kg yet LYC last quarter sold for an average price of US$29.81/kg.
While the LYC mineral deposit (Mount Weld) is 23.3% Nd-Pr; last quarter, Nd-Pr comprised of 48.6% of LYC's production. That is why LYC can sell for US$29.81/kg at current prices.
But it appears if MEI do not build a refinery or higher cost plant, they cannot separate the various earths in what they sell. If MEI must sell a "TREO Concentrate", they will not receive much at current prices. If MEI receive 70% of the oxide price, MEI might receive around US$10/kg at current prices.
- Forums
- ASX - By Stock
- Where is the "Imminent" Scoping Study .
Hello. You are claiming MEI will be $2 per share or a $4 billion...
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEI (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $238.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2010 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 12500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2010 | 0.140 |
12 | 13024 | 0.130 |
6 | 89613 | 0.125 |
7 | 162125 | 0.120 |
12 | 455205 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 12500 | 1 |
0.110 | 63000 | 2 |
0.115 | 50000 | 2 |
0.120 | 27756 | 7 |
0.125 | 380412 | 6 |
Last trade - 14.45pm 24/07/2024 (20 minute delay) ? |
Featured News
MEI (ASX) Chart |
Day chart unavailable
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online