Yes - I'm a big fan of Tunks as well. Watching and waiting for...

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pgrace

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30/05/18

07:36

Post #: 33363604
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Originally posted by scatterbrain ↑

Finally picked up some MEI today. Upside / downside looks top notch, must be near bottom here. Have been following very closely since Warwick Grigor made this comment on MEI in his Far East Capital newsletter in April.

"Another cobalt stock that presented to me last week was Meteoric Resources (MEI). It has a portfolio of cobalt licences NE of the Sudbury Basin in Ontario that have been historical producers from veins that range from 1 to 4m in width. Historical grades are high, peaking up around 10% Co, but modern operations should not really be expecting anything better than 1-3%. Nevertheless, this is high grade. The targets for the company are small scale, high grade vein deposits, but likely to be quite profitable. Exploration work is required before becoming too enthusiastic, notwithstanding the potential. Meteoric provided a useful statistic in its presentation. Only 2% of cobalt supply comes from primary cobalt mines. Of the rest, 60% comes as a by-product from copper mines and 38% from nickel mines. The cobalt supply response continues to be problematic."

Big fan of Tunks myself, he gets the job done. Also keen to see what the silver content is like, could significantly add upside imo

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Yes - I'm a big fan of Tunks as well.

Watching and waiting for the best time to get in.... I am sold on management & the story.

Question is - technically, when is the right time to get in?

Gracie

MEI Price at posting: 3.3¢ Sentiment: None Disclosure: Not Held
6 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

Yes - I'm a big fan of Tunks as well. Watching and waiting for...

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

HotCopper Highlights: Your most watched stocks for Week 47, 2024

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Scientific conference spotlights PYC's work on blindness disease treatment

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Sales growth pushes Lovisa's fortunes (and shares) upwards

Buyers (Bids)

Sellers (Offers)