GREY:PGDIF - Post by User
Comment by
ekimon Jan 30, 2016 11:21am
112 Views
Post# 24508621
RE:Timeline for PEA
RE:Timeline for PEAThe inferred resource tonnage work probably is complete and is waiting on the valuations to validate the sparsely worded positive economics that geologists need to convey for an inferred designation.
The inferred tonnage update is estimated for end of Q1 and I suspect it will be righta t the end of March.
they indicated the PEA will be completed in first half of 2016.
There inlies the problem. They will be working on the PEA now...getting cost figures for road and infrastructure and probably have a pit design for the ch-6 already and a prelimnary pit for ch-7 pending completely on ch-7.
I've told the forum here and I've told PGD that it would be a waste of money to produce 2 technical reports...and if it can be avoided it should.
So, once they release the inferred tonnage press release on March 31st..the 45 day ticker starts to finalize the thick technical report. All the geology type sections will be completed in that technical report.
That technical report also has the template to put the PEA in it as well. Usually, you just say 'not applicable' when doing just a geology update.
If you time it right and get everything lined up, you can press release the inferred and within 45 days complete the PEA as well and then press release the PEA and release the final technical report a few days later (still within the first 45 day period).
A bit of a crunch for sure...and a PEA usually takes 2 months to complete...but i believe the timeline above can still be achieved.
So, you are looking at an inferred resource update at the end of March and a PEA in the second week of May.
Valuations can actually be delivered anytime, once received...as they are completely independent and don't trip any 45 day rule.
I assume the parcel is in the hands of the valuator in Belgium and based on the industry right now...it is probably first in line for completing.
No idea how quick or long that will take.
www has propriety info onhand to help with all the statistics and visual examination.
LONG..PGD
EKIM