mnm and meo communicaition, page-2

S44

I too hold MEO and see their regular announcements.

However, you should compare apples with apples.

Firstly, MEO spend 2.2 million per quarter in admin costs to run that business which is 7x more costly than MNM's 323K. I'm sure as part of that 9 million spend p.a there would be a budget for a marketing person(s) of sorts.

Also, MEO spent last quarter 4.2 million on exploration which was 5x more than MNM's 795K.

Therefore, logical reasoning would indicate that MEO should have 5x as much to announce than MNM - yes? If MNM was spending $17 million p.a. on exploration then we'd have LV underway, GC drilled and infilled JORC, HS drilling, CT drilling, phosphate drilling, etc.

Do you think that would create extra anns?

Also, MEO have $50 million in the bank and MNM have $1 million. MEO can afford to announce progress updates every few days!

I respect your point though.

Cheers K