43-101 on track for this quarter
P&E indicate they are still on track to deliver the updated 43-101 this quarter. Correspondence I have had with Dr. Robinson states;
"The resource estimate will be followed by a Preliminary Economic Assessment. This will be a milestone for the project as it will enable us to report IRR, NPV, Capex, Cost of production and many other important economic characteristics of the deposit. We will also add the current drilling and trenching data to this assessment. From the internal review we know the project has a substantial impact with grade and gold price."
Overall market conditions are outside ERs control but the company continues to deliver in an ugly environment.