General discussion (MEI), page-2406

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mal230355

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25/07/23

16:16

Post #: 68973052
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Originally posted by Sdk22 ↑

Nope. And at some point I have no doubt they will (i.e. once a measured reserve is established and LOM extension is happening along side production). But I think the next 12 months will be consolidate the resource, met, beneficiation etc. and progress to reserve, then start digging. If theh can go from acquisition to peoduction in 24months that would be lightning fast.

again, awesome project ,awesome chairman, I'm a LTH and not selling a single share BUT we have to be realistic about timeframes and we all need to understand that if we have a 800Mt resource in say < 12mth, a reserve late next year and went into production in 2025, that's cause for excitement, not b*tching about lack of progress... and hopefully each step we add certainty towards that goal, the price moves up.

sleaking as a geo who has been part of dicovery (different deposit styles), I just know how long these things really take. I hope to be pleasently sulrised if things move quicker. A lateral extension or mkre high grade near the surface could do that, vertical extension fantasic for total asset vale, NPV and LOM but doesnt really expedite the production start timeline.

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If it is the disruptive find it is mooted to be, then if the metallurgy works as easily as they say.
Then there's no way MEI will bring this into production.
How much is a billion tonnes that's relatively easily and cheaply processed and, with exploration upside factored in, worth pre mining?
That is the billion dollar question, imo

MEI Price at posting: 23.5¢ Sentiment: None Disclosure: Held
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