PEA vs. NI 43-101
Hey Folks,
The PEA from Sept 2014 has:
B2O3 Mt
Indicated: 1.74
Inferred: 1.80
Total: 3.54
NPV = $428 million USD
The NI 43-101 from March 2019 has:
B2O3 Mt
Indicated: 2.4
Inferred: 1.0
Total: 3.4
The NI 43-101 are better "safer" numbers for us even though the total is slightly lower because there is more indicated.
However, this still puts us in the $428 million USD range. Boron prices are a wildcard as to the overall value but the resource size isn't much different from 2014 to 2019.
I'm not sure where we get the $2.1 billion that is often discussed, unless there is a mining level of "suspected" or something below Inferred.
Thoughts?
Nobodysfuel