MEY is no different to many, many struggling, marginally economic U3 explorers. The valuation of these companies are in the gutter: TOE, ACB, BMN to name but a few.
"..there is nothing sinister in the company taking a little more time to refine the economic model.."
This is bad news. The delays are always due to fact that the numbers don't stack up, and the company need more time to try and massage the figures. The exact same thing happened with BMN, and their flow process still has not been board approved. Heap leaching is the fall back option, as with MEY, but costs are higher.
MEY will need fund for at least 2 to 3 years until U# prices have any hope of increasing, and making this sort of company viable.
Cheers, Skip
short sighted, page-5
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