RE: PEA Worth a Billion? Sure, the metrics are solid, but where/how are they going to raise the $600M to build it? ah, major dilution? Also, where are they going to get the $$ for PFS or BFS - still a lot of work to do on this project IMO. Also, with cost escalations/overruns common these days, market doesn't believe will only cost $600M. There are also major obstacles like environmental permitting and public consultation - this is B.C. remember - near Nelson, so lots of 'greenies' in the area. I will say this, however, if this were 2007, we'd probably by @ $5+. But it's not, we are in fickle times with the markets and people are VERY risk averse - especially commodities - also, folks don't understand Mg markets.