AGG PEA VS FEASIBILITYIt appears the latest release has been taken by the market as implying that the feasibility promised by the end of the year is now just a PEA. I believe the background to all this is that the previous PEA on the larger scale plant is out dated so they want to get some hard numbers on the smaller scale gravity plant out as soon as possible because despite the economics we have all been discussing there are not black and white numbers as of yet. The only difference between a PEA and feasibility is confidence limits and having detailed engineering etc. With a Gekko plant, the engineering is not a big deal anyway. All the key technical studies AGG are running are for a full feasibility anyway (mining, metallurgy, social, environmental, infrastructure). My guess is that they are taking data from these studies before they are fully complete in order to do the PEA. The key data is metallurgy and it seems that is nearly done but not quite. It would be reasonable to expect a PEA pretty soon after the met work is finalised with the full feasibility completed with any follow-up work and the completion of detailed engineering. Work on the full feasibility is progressing well from everything I hear however. I don't believe there is a significant delay on that. Effectively the PEA will be pretty close to the full feasibility but in order to get it out in the near term it has to be titled PEA. It may well be we see the PEA followed very shortly by the full feasibility.