RE:RE:RE:Any comments on this post HarryWalker? Contingencies? Actually Hoov you are playing games with numbers if Capex is listed as $411m of which $80m is contingency then they are saying their
estimated capex is $331m but could rise to $411, therefore the equation should be $80/$331 = 24.2%. AND as a long time investor you will know that figures in PEA's are not that accurate,
A preliminary economic assessment (or “PEA”) means a study, other than a pre-feasibility study or feasibility study, that includes an economic analysis of the potential viability of mineral resources. Typically the accuracy of a PEA is in the range of -30% to +50% with a contingency of 25% to 50%. The confidence level of a PEA is low, below that of either an feasibility or preliminary feasibility study. Unlike the other two types of study, a PEA may contain result of an economic analysis that includes, or is based upon, inferred mineral resources. However, where that occurs, disclosure based on the study must contain prescribed cautionary language.