MEU 0.00% 4.0¢ marmota limited

Hi Mozza, I agree with you. I am getting very excited. if one of...

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  1. 73 Posts.
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    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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