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9.8¢ meteoric resources nl

Gambling on the Drill Bit, page-30

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Tompetchreo

2 Posts.

18/07/18

13:42

Post #: 34421448
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Originally posted by catscatscats ↑

It's like a gamble but you can see a few of the cards already in the deck . . .

What could possibly go wrong?

- the Cobalt may be already dug out - In 1952 alone 1.5m pounds (what is that in tonnes?) was extracted from Ontario area.
- those big polymetalic zones may be another element and the cobalt stringers may be too small to care about even if they are high %

What could go right?

- All the ground test strong for average above .3% and the key polymetalic hotspots are in the 1%+ range = great for an open cut.

But, again it's a gamble with some historical evidence to back it up

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Gamble? The more dollars placed, the lower the price will go. Investment. The more dollars placed the higher the price will go.

MEI Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 9.8¢		Change 0.001(1.03%)		Mkt cap ! $222.2M

Open	High	Low	Value	Volume
9.8¢	10.3¢	9.7¢	$318.6K	3.224M

Buyers (Bids)

No.	Vol.	Price($)
3	104546	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	2896	1

View Market Depth

No.	Vol.	Price($)
5	1773521	0.011
11	2924000	0.010
6	4510000	0.009
7	2258300	0.008
1	142857	0.007

Price($)	Vol.	No.
0.012	620532	3
0.013	1998837	5
0.014	926384	7
0.015	670000	2
0.016	1179000	5

Last trade - 16.10pm 22/11/2024 (20 minute delay)

MEI (ASX) Chart