In other words, if EPM had used lower cut-off grade of 1000ppm like MEI used, i would not be surprised that the resource figures released today can be 150mt-200mt, at lower average grade of 6363ppm for sure but still much higher average grade compared to MEI's average grade of 2204ppm. And 200mt figure is only just the beginning. It will be very likely significantly higher with more drilling they has found out the mineralisation extends significantly deeper. And again MEI = $280mil MC compared to EPM's current MC of only $30mil. I think EPM sp will have more to run and re-rate in the weeks ahead.
Ann: EPM Unveils 89mt Rare Earths Resource Increase at Gronnedal, page-20
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