MEI Chart - Toot Toot the 150,000ppm cobalt train

The 15% (150,000ppm) cobalt grade explorer with cash and a small MCAP.

I think the natural first port of call for a retracement is back to 6.2 cent capital raising price. Volumes and depth building. Those cobalt grades from surface bulk samples are CRAZY.



I'm still working on my fundamental write up about MEI.

Here's a fun fact - historically the area has produced 525 million ounces of silver and 14,000 tons of cobalt.

Here's another fun fact - if I dig and process 6.7 tons of 150,000ppm ore then I have $97,000 Australian dollars of cobalt.

I speculate that the AISC of such an operation could be quite low.

I also speculate that MEI might be able to prove JORC resources by using historic data (like NTL did with data dating back 100 years on its Talisman mine in New Zealand).