Ann: MRG HMS - New High Quality Mineral Assemblage Results, page-60

ok cheers, it does get confusing to us mortals. Im happy for them to use whatever definition they please provided it is consistent and its realistic. Will need every bit of value possible out of the resource. Lets wait and see the full report from IHC, im sure it will clear things up for us, though you might have some ideas already.

As for the like for like comparison, it was a very broad starting point for speculation, I don't see it as unreasonable to start there then move on as they start learning about their own deposit. Does the corridor 1 deposit contain low-ti02 ilmenite similarly to central and South? would it make sense for corr 1 to exclude thst value when they have it? and moreso for mrq to discount the potential value just cus corr 1 didnt include it?

id have to read the fine print to see if the july 19 60-65 percent assemblege was ever alluding to be using the greater than 50percent ti02 corridor 1 comparison or weather it was the current low-ti inclusive combo all along. Im sure its there in black and white for all to read. Though you would assume theyve not included it if they've separately mentioned each sample also containing low-ti02 as a side note.

in any case the definition is clear now on the assembleges coming in. Low-Ti02 included.

Also when calculating your averages on the new assembleges, until the duplicate proves otherwise can we use the outlier let us bulls at least have that.