Nokk,Stocks like MEP are rarely discussed here until they become...

Nokk,

Stocks like MEP are rarely discussed here until they become mainstream. You only to have to go back to the likes of SFR, RXM, IVA, and MML in the early days. To me the best upside is buying before a stock becomes popular and backing yourself on the fundamentals. Another quality junior that did little for years Giralia (GIR) turned into an IPO factory and is now very much a popular stock.

When you look at each individual project in MEP's portfolio (Poochera especially) I cannot see the share price in the doldrums forever. Sure Aphrodite flopped (just like Kylie's album of the same name), but as I kept saying to my clients at the time the risk/reward if you purchased in the mid to high-teens was attractive to say the least. Down 5c-7c or a chance at a three figure return!

The upside will no doubt come on exploration results (a big hit), however with so much value apparent we really need Andrew Woskett and the team to unlock it. Just like RMS and IGR, I backed my judgement here and clients supported it and pre-placement I think we accumulated 11% of the company on market. Sure Belperio was behind the discovery of Prominant Hill but that doesn't mean he won't find another mine at some stage. There is some real excitement surrounding Cloncurry, however rain has slowed proceedings down considerably.

I put my hand up to support Thomson Resources (TMZ) around 15 months ago, and prior to my recent resignation re raised a decent amount of money for them. Very exciting story, solid management and a new belt to be drilled that will hopefully host a number of economic deposits.

This video interview from 26th November is worth a look

http://www.abnnewswire.net/multimedia/en/64286/Article

I rank the likes of MEP, RDM, ELT, CYU and TMZ very highly, and these are the types of companies I would build a solid speculative potfolio around, then allocate smaller amounts down the food chain into other opportunities.

Cheers

Budfox