MEI 2.15% 9.1¢ meteoric resources nl

We all strongly agree with the EV thematic and all the related...

  1. 101 Posts.
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    We all strongly agree with the EV thematic and all the related resources are significant opportunities for the next 5-10 years at least

    MEI is such a massive opportunity for us, and frankly being a bit missed by the greater ASX community

    CLQ - about $970m MC and .13% cobalt grade
    AUZ - about $330m MC and .11% cobalt grade
    ARL - about $236m MC and .09% cobalt grade

    MEI - about $39m MC and yugeeeee cobalt historical grades of greater than 10%!! (dont forget that 6 ton bulk sample at 15% average grade Co with 279 g/t Ag from earlier this year)

    Let's do a closer comp on AUZ:
    MC $330m
    Has 54,500 tonnes contained cobalt in 89,000,000 tonnes dirt (see AUZ annual report)
    based on MEI being a world class resource @ 4% cobalt grade only has to move 1,500,000 tonnes dirt at get same cobalt

    economics on MEI are insane
    low CAPEX due to high grade vs high capex of all the low grade players

    MEI in Canada is closer to end market than Australian cobalt, not that I am down-ramping the above companies, merely highlighting the huge opportunity MEI is at these prices....

    Hold tight and buy boys, we going to the moon shortly... on a Cobalt/Nickel/Copper rocket-ship
 
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