PEA ValueThe last PEA issued in March 2015 showed a NPV after tax of $113 million Canadian or 44 cents a share at that time (approximately 256 million shares in March 2015 and yes, we have almost doubled the shares outstanding in the last 16 months). The highest the share price traded in the March 2015 timeframe was 34 cents which is 23 percent less than the PEA would indicate. Of course the price of gold was in the tank at that time and all junior gold miners were in disfavor.
To reach a $1.25 per share value Canadian, the upcoming PEA needs to show NPV after tax of $580 million Canadian (464 million fully diluted shares times $1.25). That's a tall order as $580 million is more than 5 times greater than the last PEA. Gold is higher which increases the profit per ounce and the ounces will be much higher, hopefully more than 3 times higher. If management includes #4 plug and Sigma ounces in the estimate then we might make over $500 million in after tax NPV. If management doesn't include those ounces then valuation will probably be under $1 Canadian.
All just guesswork on my part so do your own DD.