Meteoric Resources (MEI-ASX)
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This summary was created by AI, based on 1 opinions in the last 12 months.
Meteoric Resources (MEI-ASX) operates a world-class, Tier 1 rare earth deposit, making it an exciting prospect in the mining sector. While currently out of favor, particularly due to high expectations that led to market fatigue, experts believe that MEI's potential could yield substantial returns over the next few years. The need for patience is emphasized given the volatility typically associated with investments in the rare earths sector. With China's production costs likely to rise due to increasing environmental regulations, MEI's Western production could become more economically viable, enhancing its competitive edge. Analysts maintain a price target of $0.37, indicating they see upside potential, albeit with a cautious outlook on market conditions.
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Meteoric Resources(MEI-ASX) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Meteoric Resources(MEI-ASX) Frequently Asked Questions
What is Meteoric Resources stock symbol?
Meteoric Resources is a OTC stock, trading under the symbol MEI-ASX on the (). It is usually referred to as or MEI-ASX
Is Meteoric Resources a buy or a sell?
In the last year, there was no coverage of Meteoric Resources published on Stockchase.
Is Meteoric Resources a good investment or a top pick?
Meteoric Resources was recommended as a Top Pick by on . Read the latest stock experts ratings for Meteoric Resources.
Why is Meteoric Resources stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Meteoric Resources worth watching?
In the last year, there was no coverage of Meteoric Resources published on Stockchase.
What is Meteoric Resources stock price?
On , Meteoric Resources (MEI-ASX) stock closed at a price of $.
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.