Just look at the likes of Celcius Resources Limited (CLA). Based...

Just look at the likes of Celcius Resources Limited (CLA).

Based on their last quarterly I suggest they have $3m cash on hand.

Just released a maiden JORC of cobalt in Namibia of 126,100 tons of cobalt with a cut-off grade of 600 parts per million (0.06%) and they would have to mine and process 112.4 million tons of ore to extract it.

Turn up their cut-off grade to 2000 ppm and the total contained cobalt drops to 6,300 tons.

Know what else? It has an MCAP of $122m, 600m shares on issue.

So yes you might say oh but robbo24 they are a copper/cobalt sulphide explorer like COB.

And in response I would say MEI is a silver/cobalt explorer with potentially much higher grades, a much more accessible and historically active/politically stable mining area with similar cash on hand and an MCAP of $21m.

So by comparative standards, let's say MEI fast trick a maiden JORC resource within the next few months... Let's say it's comparatively high grade to the rest, and let's say it contains silver and possibly other base/precious metals... MEI stands to appreciate, big time.