Hi Mozza,
I agree with you.
I am getting very excited. if one of the next MEU, 3B announcements says that Mr Creasy has tipped in more coin, I will be over the moon. IMHO Mr Creasy is a investor not a gambler. More money from Creasy means more certainty for MEU investors.
The payday, looks to me, like this. MEU's head Geo, Dr K Wills, went out on a limb, last year and estimated that, 1-4mil tonnes of Cu at 1-1.5% at Champion. To date no one has disputed the claim, well at least not on HC.
DKW has a world of experience, he isn't going to shoot his mouth and risk tarnishing his Challenger legacy. If DKW is proven correct, with a JORC resource backing last years statement, we, (MEU) are looking at $500 million of secondary deposit Cu.
MEU will still, have to buy the farm land, dig it out and pay processing fees, royalties, taxes etc. If this costs $380 of the $500 mill, (76% of the resource value) MEU would have $120 mil in the kitty and a share price, presumably, ten times of where it is now.
Thanks for your time, good luck to all, sweet dreams.
DYOR
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Mkt cap ! $39.11M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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No. | Vol. | Price($) |
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5 | 2915670 | 0.015 |
5 | 2708824 | 0.014 |
3 | 1650000 | 0.013 |
1 | 100000 | 0.012 |
Price($) | Vol. | No. |
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0.018 | 3415762 | 1 |
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0.021 | 1000000 | 2 |
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