Yes I agree that the company maker will be the cobalt plays Iron Mask and probably Mulligans will assist. Not sure what to think of Midrim at the moment. I'm still in a foul mood regarding that utterly wasted time and effort spent on collecting rock samples at Mulligans from various different locations ( the rock dump from earlier mining, the rock face wall, and somewhere else I forget. The results varied from SFA to 9%Co in one sample. So basically we can't deduce anything from it all, other than there may be a sweet spot somewhere, and the numerous rocks that gave low readings effectively masked the one bonanza grade rock, causing shareholders to flee presumably thinking there's nothing really there of substance to Mulligans. Okay I get that, but the ridiculous bit is that a historical bulk sample of 8 tonnes grading 10% Cobalt was already known about, so why frig around with unrepresentative rock chip samples. What was that meant to accomplish for goodness sake, what could it possibly have added when bulk sampling has already been done. Stupid waste of time, money, and inevitably caused the share price to be dragged down to just above SPP level. Geez. The management may be technically savvy, lets hope so, but they really have a bit to learn about how Mr Market sees and interprets things. As I say, if the rock samples from Mulligans had been a first pass looksee on virgin territory, then okay, its a fair enough starting point, but not after a bulk sampling has already been done with excellent grades. Very very frustrating and annoying. Lets hope that future sampling protocols to be undertaken at Mulligan and Iron Mask have more credibility attached to them.
MEI Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
