correct they will be moments of prices moving beyond channels....

correct they will be moments of prices moving beyond channels. However that base support trend should be maintained. There will be short term uptrends and downtrends within this potentially dominant upgrades. So it doesn’t mean we will not have parabolic events however the base support of the wave 3 - which tends to be the longest in duration - needs to maintained as that is the main trend , which if broken means wave 3 has ended.
so yes this could move very fast on a mre update because we are only 6 months behind Mei and Vmm doesn’t need to waste a lot of time to define the largest iac resource in the planet. It just needs be one of the most profitable with a minimum 100 mt resource - I believe this will exceed 200 mt with 2200 ppm with plenty of scope to upgrade in the future. The key is get to production with lowest cost and and high basket price - this is why the intercepts at fazenda, which has the heavy rare earths of Dy-Tb oxides on a granted mining license. It place a clear oathway to production as fazenda will be part of the mre modelling. Further, the recent discovery of Tamayo, with the highest grades on either deposits so far, is significant as it has an existing mining license as well. This is critical because every exploration company wants to generate early profitable cash flows to minimise dilution and support continued expansions whilst making it easier to gain funding. This is the critical importance of getting these high basket price and low cost deposits within the overall resource. The market is not interest in 1 billion tons. It is more interested in 50 mt at 3000 ppm and a higher basket price within the overall resource to provide profitability during price shocks. Then the rest of the resource Can be drilled and expanded as required. Further, it appears the higher grades are increasing as we zone towards the periphery of the alkaline system. In terms of the Norman concessions, the hreo is present along with the super grades towards the northern periphery of the alkaline complex.