I have some issues here, but please hear me out and feel free to correct me if I am wrong.
So my major issue is that there is no information anywhere in the announcement of what the new high grade portion of this updated resource is and it only highlights the large global increase of TREO which isn't useful at the moment as they only need to focus on a high grade resource for the 20year study PFS. The information that is missing is what matters to shareholders and investors, so not including it and directing the attention to the total resource seems like they are trying to sweep the lack of high-grade conversion under the rug.
I've dug up the cutoff tables from the last two MRE updates as per below which seemed to be the only way to see what high grade they now have: Todays announcement
From the lastest updated resource
As you can see even though they have upgraded the resource to over 1BT they still only have 66MT of resource at 1000ppm+ MREO to include in their PFS vs their neighbour that already has 106MT of 1000ppm+ MREO of indicated resource to include in their PFS due May/June.
Even though it's not a great result, I believe they should stay consistent and include it somewhere so investors can easily research their investment and compare apples with apples rather than leaving it out because it doesn't suit their narrative which is becoming a common place with MEI imo.
DYOR IMO
MEI Price at posting:
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