Insaf, I don't agree that the scoping study was poor at all. MEI have produced a conservative study that highlights low operating costs and have been sensibly cautious on capex, after all it was a class 5 study. The coming PFS should refine costs further and as MEI has stated there will be additional high grade tons added from the drilling at Figueira. The poor market response in my opinion has been due to specifically REE market conditions and generally low sentiment in the small caps space and wider economy.
General discussion (MEI), page-5327
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