Revised Reserve Estimates Are Not ExpensiveI would not be surprised to see an upward revision to the size of the ore body at Baptiste, based on last summers drilling. This is a relatively simple thing to do.
Not so much with a revised PEA. That would cost quite a bit more. Not sure how high the price of nickel needs to go before FPX begins to get serious again, but at $6+ per pound I think we are getting close. At $7 nickel Baptiste should be a slam dunk.