RE:RE:PEA Talked with Larry a couple months ago. Please correct me if my info is out of date or I'm wrong on some of the details (my memory's not the greatest).
But, I believe the PEA update is well underway. They were waiting on this study and the Nov 2016 study results as inputs to finalize the PEA. I'd expect it to be released, like Alireza said, in the H1/2017 to coincide with a move in the POG.
They are intending on skipping the PFS stage and going directly to Feasability with a very small drill program to confirm a couple sections of the reduced pit. That said, almost the entire reduced pit is already drilled out and data-modelled for the Feasability Study, so no major drill program will be required to move forward.
This is where my memory is hazy, but I think the revised PEA will include a significant reduction on initial CapEx, improvement to grade & IRR. This at the expense of throughput, but significantly better economics which will keep the NPV in the same ballpark.
I believe once the PEA is out & they start a promotion runup to the FS (eta 1H/2018) the share-price should move. I've been buying more shares recently in anticipation of this from my review of their strategy & the pit data.
Hope this helps all y'all,
>DM