haha well it seems we agree on most things bsumisu, but ill agree to disagree and stick to my guns with my thinking that it was pertinent for MEI to do that extra drilling to get the extra high grade to match or be comparable with VMM. VMMs scoping was undoubtedly done to a much higher standard than MEI's and I believe that MEI stated metrics were stretched out somewhat in comparison to VMMs stated metrics, so leaving the resources as it was would show VMM having a much superior project based on the PFS metrics imo.
It is important to understand that MEIs marketcap multiple is due to the fact that it is perceived to be the far better project and if the PFS were to dispute this it could be taken as a negative and would have the potential to reduce this multiple substantially, something management would be well aware of.
VMM Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
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