RE:RE:RE:RE:Four Canadian Banks have different targetsEVH,
I'm looking at the Nov 9 news release, bottom of page 14. The upcoming PEA is for a 6 + 6, 12 Mtpa mining scenario. However, the Prefeasibility, which is currently underway, only mentions a 6 Mtpa mine at Kakula. I incorrectly assumed that a 12 Mtpa PFS would follow from a 12 Mtpa PEA. Perhaps not. It could be they're going to start at 6 Mtpa at Kakula,and see where things go from there. Thanks for pointing that out. If that is the case, then the upcoming PEA will provide the most accurate values for the 6 + 6 mining scenario.
One final point. The opinions of analysts are not comparable to Company studies completed painstakingly by independent professional engineers and geos. These studies, which run for hundreds of pages, are usually authoritative, whereas analyst opinions, for better or worse, are simply guesstimates. That doesn't mean the studies are perfect. There may be changes at prefeasibility, and later at feasibility. Implementation of the recommendations may be imperfect, leading to disappointing results. Sometimes feasibility is way off. But at least there is detailed science and math behind these studies, which is often lacking in analyst opinions.