RE:PEA just released !It opened about 20% higher and then started losing..now back down to y'days close!
So that was not what i was expecting but that is how it is !
Markets just really suck today again and that most likely the reason that the gains did not hold... people exiting positions that they held for awhile.
But the positive PEA should prove to be beneficial once the markets recover at some point i would think, however.. it is just going to do what it is going to do!
Personally i am not knowledgeable enough to really study and dissect the PEA to know how good (or poor) it is, so that must be left to the experts!
But having a 40 year mine life based on the current measured and indicated resource size and mining it at a 1000 tonnes per day looked pretty significant to me !
Esp. when one considers that the resource itself can potentially be expanded with more drilling.
Anyways,, hope it all works out in the end and this project can actually become the premier manganese supplier in all of NA
glta!