RE:PEA ValueI have been long on this stock from the Khalari days, and it is so nice to start to see what we all expected, to start to turn into reality. I guess the reality of seeing that money in my trading account has me starting to think about what would happen if the PEA underwhelms. How much would the resource have to increase to justify the $1 to $1.25 share price. I really thought this was a price we wouldn't reach until AFTER the PEA and then be looking at a 1.50 - 1.75 buy out. Previous PEA had us at about $600/ounce profit as it stands now we are close to double that ($1100/ounce). At those prices we could theoretically keep the valuation with a 2.5x increase in reserves, correct?
I think I just need to steel my nerves as we start to play with larger and larger sums of money. Investing is not for the faint of heart.