Our thorium levels are way lower than Araxa, though a couple of holes did show levels of a couple of hundred ppm, but on average probably only 10% of Araxa levels.
If Araxa was in Australia they would be having great waste management issues with the high levels of thorium in the waste stream.
In my view today's announcement was really saying the MRE is close but not just yet, probably next week, which IMHO would be better timing after all the EOFY tax shenanigans are finished.
A MRE is not as simple as most think, by just punching numbers into the computer. sure the computer will spit out an answer, but things like what's the best cut-off grade relative to ore body size, do we include all phosphate, REE, Ta etc, all come into it, after all the assay results are plugged into the model.
On most other companies the proposed MRE date is often out by a week or 2 and the last thing we want is a rushed job that looks poor...
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