RE:PEAMartin, nice DD. If only we can get sidebet to do such things before he shoots his mouth off. The problem with the PEA is it was completed before inflation and high interest rates hit.
The two most interesting numbers on the PEA is Initial Capital costs and Strip ratio. The 22 million included the mill upgrade. Which as we all know has changes from 2400 TPD to 1800. Meaning there is no permit in hand to upgrade the mill and it's going to take an additional minimum of 6-9 months to obtain if all goes well.
Then we have the strip ratio. 5.4 to 1. Meaning you have to move 5.4 more times the bad material to get to the good material. That is a lot of earth moving. Again it's the poor halo effect surrounding the veins.
As for Gold Fields, again why overspend for BTR? Especially if BTR can't get any additional funding. Just wait for the doors to close and then move in for a few pennies.