RE:RE:RE:RE:RE:Simplified PEA vs Complex PEA vs ElaborateThe PEA contains virtually the same detailed information as the elaborate and the elaborate requires an additional 60 days beyond the completion of the PEA to be ready for submission to the Serbian Mining Committee.
This is the reason why they are being generated at the same time.
The PEA is not required to be completed before the elaborate but the PEA needs to be completed as soon as possible. Furthermore, the PEA is NOT delaying the release of the elaborate as the two documents are being generated simultaneously using the same underlying information but the elaborate requires more information which the Mining Committee auditor requires.
We as shareholders need the PEA because it can be made public whereas the elaborate cannot be made public.
The PEA will help to promote the Piskanja project to new investors whereas the elaborate is required by the government.
I hope this helps clarify the situation.
Cheers,
VB