General discussion (MEI), page-2053

Just adding to the discussion thread .
In addition to the expectation/ likelihood that MEI will , in the next week or two , have some /all of the deeper drilling assay results that were flagged for 15 "high grade "holes ( leading into the Rick Rule Florida Conference July 23/27th ) , one would expect that there will be a further update on the additional extended drilling programme of 100,000 metres .
The last market sensitive update was the 8th May .....( edit below ) .
The pleasing part about this was threefold :
# MEI don't want to be reliant on using Contracted Drillers
# They have purchased their own drilling rig and hired a gun Driller ..due to be operational at end of June
# Drilling capacity "flagged "--up to 200 metres per shift ( weather /terrain/ drill performance ) permitting .

As important as the updated deeper drilling results will be , factor that into the exising MRE of 409 millions tons at 2626 TREO ---and an accelerated operational drilling programme ...and the potential to radically increase the MRE Tonnage and maintain/increase the impressive grade , becomes very plausible /realistic/ probable .
Rick Rule / Sprott have a very large Institutional following ..and critical metals /rare earths being as highly discussed and topical as they are today ...there is the capacity to see MEI have another step change upwards shift in momentum .
Aimho --and not long to wait and see .
Edit 8th May
A crucial first step has been the recruitment of Mr Rob McGaffin, an
experienced Drilling Manager, who recently managed over 200 personnel for African Mining Services (AMS) in
Ghana. Rob has overseen the selection of a new Multi-purpose (Aircore) Drill Rig which will be shipped to Brazil
during May and is expected to be commissioned on the Caldeira Project at the end of June. Rob has been tasked
with recruiting and building the Company’s internal drilling capacity.
The new multi-purpose drill rig is a track mounted, supported by a compressor also on tracks, has a small footprint,
and requires minimal clearing at the drill site ensuring minimum environmental impact. The rig comes with all crucial
spares and is capable of drilling in excess of 200m per shift into the target clay zone. Once the drill rig is staffed
and running the Company will consider increasing drilling capacity under Rob’s supervision to ensure our drilling
plans are delivered on time and within budget.