RE:RE:RE:My crystal ball is repaired & backPaul and Poriemon,
My feeling is that there is much more going on and at a more strategic level than " just " the PEA.
I was informed end of June by management that the resource and PEA were in " desktop phase ".
On the resource level, originally the main difference to the maiden resource was the increase of the cutoff grade coming to a smaller but higher grade resource that should be economical to bring it into production.
The second change came with the discovery of the drillcore of the Amax drillcore from 1980 and 1981 at the NMDM. The decision to resample these assays was communicated the week after the PDAC. To me the main reasons to resample them was first to move the resource or a big part of it to measured and indicated based on the 20 meter spacing from the 1981 holes. Second it would give them additional information next to the Golden Shield and ORX drilling to define the higher grade zones for selective mining.
In the maiden resource , the results from the historic drilling were taken into account but only at an inferred level because not 43-101 compliant and the unability to check quality and quality procedures.
On a global scale and compared to other PEA's, the ORX PEA is a rather simple one , given the fact that the processing will be through toll milling ( no own mill and tailings facility ) and in addition the amount that would or should be considered as capex will be taken care of by SCR ( see drillbit ) so no capex component in the NPV calculation.
Given the fact that the desktop phase started end of June, I presume that the results from the resampling should have been known by then.
Since then more than 3 months passed for writing the resource update and PEA. Unless all their consultants were on holiday for more than 2 months, that work should be finished a while ago.
Bringing me to an email from management to Paul that Paul shared on SH, stating that they were very busy in the interest of their shareholders and that we should expect a good deal of newsflow between now and end of year.
So in my opinion other things are in play. Be it a joint venture, a strategic shareholder buying in, a game changing acquisition of another project or an outright buyout, who knows. I just want to refer to an article from Jay Currie before the Summer, citing Stephen that the usual suspects have signed CA's and are following ORX very closely.
I am very sure we will very soon know.
Good luck.
Long ORX