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Opinions Rick Rule
Meteoric ResourcesMEI-ASXHOLDJun 19, 2026
Rick RuleStock price when the opinion was issued
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Facing some community opposition. If that can be resolved, this company (and others) would be in a position to help solve Western world's problem with rare earth supplies from China. Extremely volatile. As long as it continues to make progress, he'll continue to own it.
Rick RuleThis 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.
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.
Rick Rule
If you own it, you need to be fairly patient. Not yet funded to production. He considers it to be probably the finest of the developmental stage rare-earth companies in the world. Good grades, great infrastructure. As the world seeks to diversify supply sources away from China, probably the highest-quality deposit on the planet.
Company is based in Australia, the deposit is in Brazil.
Note: He's a large shareholder.