imo the SP dropped as the new wave of pre-resource MREE juniors...

imo the SP dropped as the new wave of pre-resource MREE juniors come on to the market with low market cap and aiming to emulate MEI, so the Alpha and speed is better for the quick profit. It's dragging money out of MEI who are in the "development valley of gloom" on the Lasonde curve.
Every bit of news is just volume exit opportunity.
The sticky money will see once the PEA/ Scoping study is out what the NPV$ is and with lots of additional MRE to come out elsewhere on the property we should trade at a multiple > x2 on the NPV$ imo, but the market is what the market is.
The question is, you hold your stock until production and lock in a $1 / share over a few years, potential x5 ???(who knows) return OR
turn your money at higher multiple opportunities over shorter time frames (or lose it all).

Tunks obviously thinks it's worth throwing money in at these prices...

So, unlike the BOE execs who tipped out millions just before production started properly (during the critical ramp-up phase)...

Tunks is showing us the way !