PEA in January?With the one month delay in the RE, it's likely (although not certain) that the PEA will be pushed back into January. Around the end of November (thanksgiving) until the end of December, news releases tend to have less notice and less effect. It would make sense to push the PEA into next year. The RE might also get pushed into next year for the same reason if it's not issued in the next two weeks.
The only thing that will keep the share price stable will be good drill results. We should see drill results next week or the week after based on the time between the last two drill results news releases. Gold usually drops in December and if the Fed raises in December like they did last year, the share price could take a hit.
We should be 65 to 75 percent institutional owned now based on the last couple of PPs. I think the institutional owners are looking long term and want the project de-risked before production.
The ramp will be completed next August and the bulk samples will taken two months after that. There are two mills nearby that are likely to process the samples. I don't think management will invest money in the mill until a production start-up date is set.
There's no additional drill effort planned for the other deposits like Parallel etc. Triangle is the big focus now. IMO it will be pretty dead from now to the end of the year with the share price staying the same or dropping into the mid 60 cents range. Good time to buy.