In the video he talked about Battery Minerals work next door and that they are going to list IPO soon.
So I pulled this from the prospectus
"The McAra target area is the Company’s most advanced target to date with more than 5,000 metres of completed drilling, supporting a Mineral Resource estimate of 72,000 tonnes at 1.27% cobalt in the Indicated Mineral Resource category and 26,000 tonnes at 0.81% cobalt in the Inferred Mineral Resource category, containing over 2 million lbs and 0.46 million lbs of cobalt in each category respectively" (Edit note, 460m lbs is 16.5m USD . . 2m lbs is $72m USD) and 100000 tonnes in SQM is not that big, it's a package of land about 250m x 250m x 2m depending on the SG of the rock)
Significant upside potential across asset portfolio: The Company controls a district-scale land package of 1,100 km2 in the Ontario Cobalt Belt hosting multiple high-grade targets. With exploration in the district having been primarily focused on silver, the Company believes the Cobalt District Exploration Project is underexplored for cobalt. Significant geotechnical assessments, as well as assay results of samples from outcrop in the target prospects to date that range from 1% to 21% cobalt have resulted in the identification of multiple targets for further exploration district-wide. The Company intends to systematically undertake extensive exploration and drilling activities at these identified cobalt occurrences, and elsewhere on the project tenements with the potential to increase the size of and confidence in the existing Mineral Resource estimate on the McAra prospect, and define new Mineral Resources.
MEI Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
