Compare it to COB who with an average grade of 800ppm (0.8% cobalt) have come as far as proving a JORC compliant resource and they have a diluted MCAP of about $160m.
If MEI can prove up a resource including pocket grades remotely close to the 8 and 10 ton bulk samples (100,000ppm - 150,000ppm (10%-15%)) then MEI is, in my view, sure to be a very, very, very high margin and high value operation.
MEI Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
