Originally posted by rjohnson1234
Yes imo a reasonable thing to say.
I have been able to review bmr’s Geo work etc for iron mask (hundreds of pages), but I don’t have information yet on their drill results obviously. However I think it’s fair to say that the sites selected since Cormack and Tunks came on board are of more interest to me than that which the previous management obtained.
In this regard Joyce completely fits that bill, as does Lorrain and beuchamp for example each of which I will have some interesting things to post over coming days. Mulligan east I would not worry about any time soon imo.
As you say Iron mask I wouldn’t touch until we know more about bmr work, why would we do anything but wait for them. If they hit the grades the material I have read shows the reports make it clear it would continue into our land. So should they hit the good stuff then off we go share price wise and drill wise but for me based on the material I have read and posted I agree that Joyce river is in the firing line for a drill or two, it could be very exciting if anyone has glanced at what I posted or done their own research.
I’ll be frank I did not invest here just for cobalt, I invested here because of the suite of “minerals” we may have particularly copper and also some gold and nickel. I think we will be fine for cobalt but it’s this early other ones that are unexpected and may surprise. We are not in the Congo or Zimbabwe we are in a very friendly jurisdiction, holy nelly Zimbabwe has huge problems and 90% unemployment and people invest their money there !
I’ll have something more to say about our other sites soon based on what I have researched and also something to say about copper, gold and nickel.
Finally we know there is an acquisition coming so keen to see that soon. I trust it will be good, I am new here but some long termers whom I speak to offline have been here for a while and deserve a break.
RJ, It definitely is the right idea to wait and see at Iron Mask (re BMR next door), and it shouldn't be too much longer I hope.
I have always felt that Midrim is MEIs' insurance, and also think that it is not being factored into MEIs' value because of all the hype around cobalt and the market being fixated on the results at Mulligan etc; and then all the cobalt juniors have been beaten down all year thus far and MEI is another one of the many in that regard.
For that matter nickel has been taking a bit of a beating too lately, but if you look at nickel on a 12 mth chart it is still in an uptrend and you can still say the same for cobalt, regardless of the price coming off somewhat lately.
I remain a true believer in the EV revolution, and feel that battery minerals prices will bounce back very hard in the not too distant future. A bit like a spring really, the harder you push it down the stronger it will push back up. The smashing the junior battery metals hopefuls have suffered this year follows the vertical rise many of them enjoyed late last year and fits in well with the tough year for the metals complex, and the instos have been making a killing off the weak retail hands.
But I am bullish on Ni, Cu, Co, Li, the battery metals have also suffered because of the latency of demand, but demand for battery metals will start to grow with each passing month, more battery factories being built and they will start to come onstream and stimulate demand.
I want to get back to Midrim though and would be interested to hear what you think about what it is in the ground there, I think it looks very promising as a stand alone project.
