GREY:PGDIF - Post by User
Post by
MrBiggeron May 07, 2016 1:31pm
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Post# 24850797
9 years for SWY from PEA
9 years for SWY from PEAto production. PGD should have skipped the PEA and gone direct to FS if they are as confident as you guys. PEA's have a reputation (deserved or not) of giving junior resource management what they want to hear. Do real mining companies ie BHP/Rio, etc. even bother with PEA's??
My other point is that millions of extra carats will hit the market next year. Any major may sit and sit and wait for PGD to sink and dilute. Where would the share price be without oiltar buying 10's of millions of shares the past 4 weeks??