/biz/ - Business & Finance

>>7863604

Why aren't you holding any ASX:MEI /biz/

No this isn't a coin, this is an old school pennystock.

Some facts:

>Meteoric Resources is a mining company with 3 promising drilling sites with high level of cobalt, copper and nickel in Canada
>The real focus here is on the cobalt
>The cobalt price almost tripled in the last 12 months because the increasing need of it for batteries for electric car and smartphones
>This trend will continue
>Right now the majority of cobalt is mined in Congo this will change for muliple reasons:
>the mines in congo are a mess and unsafe, also child labour is common, the public isn't accepting this, trendy companies like Tesla and co. can't afford to get connected to this conditions
>Another down side of Congo are the unreliable deliveries of cobalt, with increasing demand this gets intolerable
>Therefore new supply lines are needed in more safe and reliable countries
>MEI will be one of the major players in this field and their market cap right now is low, that's makes this such a good investment

The results of the drilling sites will be released within the next 1-2 weeks. If and this is something you must consider, the results of this test drills are positive, the share will moon. Short term goals are 0.30-0.50$ long term way above 1$. Till Friday we will see 10 Cent without a doubt.

Here are some useful links and information about the sites

>http://www.meteoric.com.au/projects
>http://www.asx.com.au/asxpdf/20171030/pdf/43nqhbxd2xg8ty.pdf

Especially the Iron Mask site with 15%cobalt/t is to be noted, 1-3% are good spots, everything above 5% is considered great and above 10% is godlike.

I know, not crypto related investments won't get much attention here but this is an awesome opportunity I wanted to share with you.

Disclaimer: I hold at the time I made this post 77.000 shares.