What to expect from PEA?? Maybe someone can jog my memory here. From what I can see, our last Mineral Resource Estimate was updated in 2016. We drilled 10 holes in 2018. I don't think this info has been blended in yet, is that about right?? It was drilling done on the heart of the deposit in increase quality of the resource, so grade could go up? I don't think we will see a bigger amount as it wasn't an expanded drill??
As no one including management has ever spoken of when we can see our Indicated categories move to Measured, I'm really hoping this Pea could reflect a change. Or do people thing that comes with the Step 2 PFS-like document??
5E has Measured reserves and we don't. They are worth $1.1B, we are worth $9M. From what I can see, they are about twice our size with some minuscule Lithium mixed in. I'm pretty sure we can sell out Boric acid biproduct the same as they plan on.
I guess we are a year or 2 behind our 5E big brother, but I think we are on a faster track to mining off the Temas/Erin crew can step it up a notch or two.
Anyway, I will quit yacking for today. Enjoy the Sunday.