Many thanks Pick for your detailed and well written reply. There seems to be varying views on the value and success of the Up-grade process among investors probably being fuelled by the fact no one has made a play for the company even whilst it has a penny MC. This could be because the likes of DYL are more concerned about adding to their resource base at this stage of the cycle.
The things we know are the Up-grade process is successful on at least a test scale of Tumas and LH ore and if either or both of these companies engages the tech on a commercial scale there will be some serious royalty earnings by MEY.
On top of that the drilling in the new EPL east of DYL Tumas has me interested, very likely those channels pass through this area.
Definitely a good bet to hold in the emerging bull market in my opinion
Regards,
DGE
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