PEA numbers The PEA is finally out, and shows good numbers.
The problem is that those good numbers are a bit below what I think most of us expected, wich explains a bigger pullback than I expected. The NPV is lower than I hoped for and the production costs are a bit higher. Also, the initial cash required before production (287$M) is too high to be delt with by debt alone, so we must expect some dilution before we reach production.
As for now, with a NPV of 547$M, you can’t expect a take-out offer at 5 $ per share! So, we have to be patient (again) and hope that institutions finally take notice and give us a good steady increase before the FS, with occasional dips and spikes along the way.