MEP 0.00% 20.5¢ minotaur exploration ltd

That you buying today, Seth? (mischievously)One of the reasons I...

  1. 5,292 Posts.
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    That you buying today, Seth? (mischievously)

    One of the reasons I am attracted by MEP is Eloise offers several options. If the deposit is high quality, modest in size, the property can be sold to FMR or toll refined at FMR's plant 2km away.

    If it is bigger - yes please - OZL will likely make a bid for FMR and combine the two.

    I suspect grades have fallen off at FMR's Eloise mine, though it still produces useful cashflow using built plant. It is a private company and doesn't share information. FMR is a modest shareholder in MEP, so they keep a watching brief.

    Drilling away with 80+ holes for 28,000m planned this campaign. Nice and shallow too.

    Ash
 
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