RE:RE:Good Move Up on Double Average Volume Drilling started today, so probably late November or mid December before we hear anything on that.
My guess, based upon past conversations with IR and recent news releases, is that the PEA comes out anytime from October 4 to October 25.
They really need to release the PEA by November, since the dreaded share issuance is coming out November 22 - 40 MILLION new shares given to Spectrum shareholders so that DEFN can obtain 100% control over Wicheeda.
Now, the 40M shares don't become tradeable until March 22, 2022, but DEFN needs to have the NPV of the property confirmed before November 22 so that the stock does not tank to 10 cents.
I would tend to think that Craig Taylor is on the phone throughout this month with status reports from SRK and his insisting that they get this thing wrapped up.