Ann: First assays for Iris copper prospect, Cloncurry-MEP.AX, page-17

Probably the best exploration team in Australia. MEP targets are always massive and have huge risk reward potential. That said, it's still comes down to whats's in the dirt and the company can't magically materializing a deposit that doesn't already exist - maybe if they renamed to Bre-X they could.

I've been following MEP for a decade so I expect the share price to go back to 5-6c if current drilling doesn't show further promise. Just the nature of exploration and not the calibre of management.