Great read 2ic, albeit with plenty of insinuation. I believe the extra 5m is known as creative accounting and advertising and I'm quite sure all the companies are doing it. As @acceler8 said the depth used in the MRE calculation will prove conservative in time and with the data known to date assumptions or weight were applied to build an MRE. I thought that was a standard practice when producing estimates and models, it is after all JORC compliant.
I think we can all agree the tonnage of this project is big. And with the plan to set up "in-house" drilling, exploration can take of itself while the new CEO deals with the business technicals and the Doctor's do their thing. If MEI can get these right there should be no problem finding willing investors to drive this "geological freak" into production. This thing done right has the potential to be a billion $$$ baby. Let the carnival begin !
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