Maiden MRE guesstimates, page-33

I think the company has been trying to dampen expectations on the MRE for a while with references to potential production rates and also the commissioned research report. This has taken the hot air out of the stock after it was hyped on this forum 9 months ago that they had found 5moz+. 1moz seems likely now

there will be no hiding when they go to raise the next round of cash so best to come clean. I’m not suggesting they were misleading in any way but they didn’t do anything to manage expectations at the time either