1.MEY intends to release a scoping study in June and a Feasibility study by the end of the year.
2.Bannerman has much higher OPEX of 41 USD/lbs average over 7 years. I think MEY will easily be able to go below this number. (Just think of 94 % of the resource being not more than 40m below surface,with 80 % being not deeper than 20 m !) Thus making MEY the preferred choice at the moment.
3.If it comes to the current sp i am (like most here) at a loss.However this little graphic might explain part of the decline:
http://www.rohstoff-woche.de/images/life.jpg
It remains my take however that longterm MEY could prove to be one of the best plays in the commodity sector.
Regards
Wantedman
MEY Price at posting:
14.1¢ Sentiment: LT Buy Disclosure: Held
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