Possible Early Q1 2019 Release Of MetallurgyNot quite sure about Turenne's game plan, but I am certain that he loves his "optionality." So what are the options for 2019? These need to be more than just "internal studies."
I have no doubt that internal studies are next up on the to do list, because FPX will need to know what the new grinding requirements and flotation circuit are going to do to CAPEX.
But the drilling season is coming up fast and if the "options" include drilling at Van, permits need to be applied for in advance and money will need to be raised on the basis of some positive PR.
And if no drilling is to be scheduled, FPX still needs to be in position to hand the filse to an outside entity for the revised PEA. And that won't happen until the internal trade-off studies are fully beaten to death. And that requires completed metallurgy.
A little more time has been provided by the recent sell of in the nickel market and the equity markets in general. But the clock is still ticking.