Yes, im basing it on the standard process of geophys, drill, assays. At the point when the drills are turning the SP will already show gains significant to current points as speculators move in, similarly the pre-work will show some of the size potential and we will run up. . . . . if the Assays prove good then a 50m Market Cap is a no brainer (and small cap) for a JORC proven and reasonable size cobalt play.
Right now the market drops are on moderate volumes, there are accumulators (like me) picking up as we go along. There isnt a spectacular drop, just boredom as nothing is going to happen for a while and money can be made elsewhere if you have the time to go looking. Meanwhile it's a relatively safe bet if you are prepared to wait 9 months.
MEI Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
