GREY:PGDIF - Post by User
Post by
ekimon Dec 05, 2014 7:56pm
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Post# 23201707
NI43-101
NI43-101There will be significant update to the Chidliak Technical report.
You could try and release information as it comes. Some caustics, some tonnage updates. Either way, they will all end up in the technical report.
If they decide to not piece meal it and report it all in the updated report, then the release of the report is determined by what activity takes the longest.
You calculate all the numbers, re-validate them...and I hope they do as the last technical report did have an error in it...as we should all remember. Then once you release them in a press release, you have set off the BCSC 45 day timeline to issue the fully detailed Technical report that supports the press release you just did.
I figure everything will be in there and that will be the biggest update. CH-46 caustics, CH-6 Inferred adjustment, CH-7,44 TFFE adjustments.
They may sneak some of this into the Earnings report next week...but they have to be careful about that...so it may not be in there.
You could release the press release in the third week of December...but then those 45 days includes probably 2 weeks of vacation....so not ideal. More likely they will be releasing them in early January and have until mid february to cough up the detailed report.
Reference has been made that the tonnages across the board will be up based on the drill results...however, when they do the work...that may or may not be the case.
I guess there is a chance that all these estimates previously release could all be revised downward. Statistically, it is probably meaningless...however it would not be a good promotional item if it did revise downward.
I suspect a trader could look at picking up some shares as cheap as possible over the next 2 weeks and sell the minute the technical report press release comes up for a gain of some size.
So, we are looking at a 2 step approach here. Earnings out next week will give us a snapshot of the cash position and probably an update on the bulk sample program...which will be not new news around here. Then we are looking at a timeline for the Resource update. Probably pushed after tax loss selling is finished.
LONG...PGD
EKIM