Agree the drill is what counts, the geo work and surface sampling helps paint the picture only. Remember with Joyce we have the work from ray which is more detailed than we would ordinarily expect and he wanted it drilled as it was beyond him, it has never been drilled until now. That is the exciting bit.
It’s the best we have for now, high risk= high reward or we remain at these price levels if it’s a dud imo.......4m cash and shares and a market cap of 7m only. Upside on surprising drill results could be a few bags in the day perhaps.
The geos to me looks much better at Joyce than it did at mulligan, there are massive sulphides at Joyce which were not at mulligan. (See below another of the geo for Joyce) The key will be whether they can hit some cobalt and others with some depth .....if so I wouldn’t be surprised they keep drilling beyond the depth they are thinking ( 8 holes for 500m). If they hit nothing then they may not even do the whole 500m.
MEI Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
