Candlestick, correct, I did miss table 11, thanks for pointing it out and apologies for missing it.
It does make it better than I originally thought, but still you have to admit they really should make it easier to understand and quantify the high grade MREO component of the resource considering it makes up 90% of the total revenue and is the only thing that actually matters. TBH no one should have to compile information from page 22 of a 70 page announcement and also add information from an announcement last year to make an assessment.
Also its not Rafael's fault if they kept coming out with better results than MEI. I think VMM's approach of scout auguring for high MREO zones and then targeting them rather than targeting TREO like MEI did is why they proved up a better resource quicker and cheaper. As VMM is no longer drilling its a matter of time before MEI overtakes VMM resource but VMM will get back to drilling again post the PFS release so it will be tit for tat again eventually. It all comes down to managing costs right now as neither one wants to be raising capital right now.
Cheers DYOR IMO
MEI Price at posting:
6.6¢ Sentiment: Hold Disclosure: Not Held
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