Did you crank up the furphy generator this morning?
The MEI release of 23 February concerns the production of a saleable MRE concentrate and the associated recoveries from ionic clays, not "we hit this stuff with NH4SO4 and 60-odd percent dissolved".
Look at VTM...high dissolution rates, poor concentrate grades.
MEI grades were representative of the first six years of high grade feed - 4400ppm.
BCM grade (965ppm) in this release were representative of stuff from above the 900ppm cut-off - 973ppm.
The leases which will be mined first have been mined for years and are well away from the town.
Royalties, ecological factors...what, only MEI has them?
"Confident that the ultimate economics will better assess profitability comparisons."
Remember the old saying "grade is king".
I'd be betting on the very high grade, higher recovery ionic clay deposit over the alternative.
BCM Price at posting:
2.3¢ Sentiment: Sell Disclosure: Not Held
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