RE:RE:graphMike is based in Jakarta and his expertise is in that region of the world, not Quebec. Makes sense that he takes a back seat on a development project in Canada. When SA took over this project I met Mike in Quebec City, he mentioned slowing down and doing less then. I don't think he even came to PDAC this year.
Also makes sense that John is not in the CEO spot either if this is going forward. John is or was good at raising money, making deals. Dundee folks are certainly way more experienced and tested in this space.
If PEA is positive, they will need to raise funds for next round of drilling and Feas Study. They might have enough info to skip the Pre-Feas.