RE: RE: RE: New Presentation from Precious Metals "So it looks like we are exchanging a month of delay in the PEA for a more accurate, and higher, NPV and IRR, based on underground infill drill results, which are apparently looking good."
Mr. Sajak,
I caught those comments as well. Sounds to me like they had a look at the cores and liked what they saw prior to sending them off to get assayed. If I'm not mistaken, maybe a three week turn to get the assays back (ie: should get those drill results prior to PEA) where it might take lets say two weeks to have the results incorporated into the PEA. If I did my math right, that puts us as a mid-May time frame.
On a side note, there could be an interesting cross play taking place. On my end, I was hoping we would get the PEA prior to the PPA so that I could take some profits in NKL and put them in PCY. With a "by May" time period indicated by PCY, it now looks like some PCY holders might be able to take some profits (if generated by the PPA) and put them in NKL to play the PEA. Then again, both the PEA and PPA can come down at the same time. Either way, these potential cross plays look to have both PCY and NKL embarking upon some interesting times. Meanwhile, I do own both and will continue to sit back to see what happens.