RE:RE:The Optimum Path To Battery Chemicals2 more things:
1.) The Sept/Oct time frame is likely not being driven by the anticipated end of the metallurgy study, but rather by Turenne's realization that summer press releases are a waste of time. Things don't get going until the fall when vacations are over and the kids are back in school;
2.) If the commencement of the PEA is announced before the fall, there is no reason that they cannot include non-public metallurgy data, which can subsequently be made public, up to 5 minutes before they announce the highlights of the PEA.
I have no doubt that FPX knows a lot more than they are able to talk about at this time. They must know at least as much as I have been able to deduce and post to this BB.
potluck1 wrote: Spoke with Martin Terunne at PDAC, asked about getting to battery grade nickel.
He said its something they are looking at, and should nickel prices bifurcate it is an option for them to increase the processing cost to increase concentrate grade. But no plan to do this at the minute.
He also said a 2nd phase of mettalurgical studies are underway, and could have news on that Sept/Oct time frame. So don't expect anything out of FPX until then, unless the price of nickel shoots up and stabilises.
In that case they can pump an updated PEA out in a couple of months, as they have a lot of the internal studies done already.
Lastly, he shared our dismay with the lack of trading volume after the news release. Says it's indicative of the market right now, and it is why they are not pulling the trigger on the PEA until things pick up.