Opinions
Rick Rule
Meteoric Resources
MEI-ASX
TOP PICK
Mar 14, 2025
N/A
Stock price when the opinion was issued
0
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This one takes more courage. An absolute world-class, Tier 1 deposit. It's rare earths, and the market is bored of that and nervous about Brazil. If his thesis is right (and that'll take 3-4 years), stock's a legitimate potential 10-bagger. Takes a lot of patience and tolerance for volatility. (Price in AUD.) No dividend.
(Analysts’ price target is $0.37)He likes deposits that are must-own in the future, and that are in the lowest cost-quartile worldwide and in the best quartile for ROIC.
Expectations around rare earths were too high, so now out of favour. Difficult to understand, and most investors want to feel instead of think. China produces them at lower cost than in the West, but the Chinese are less tolerant of environmental damage from extraction. So the Chinese costs are going to rise, which will make Western production (like MEI's) much cheaper.