RE:I've been thinking. If they have the PEA ready in December,The PEA was pushed out to Q1-2025 for a reason. Management had all of the information to publish its PEA in December 2024 but chose to delay for +/- 3 months.
The reason I see is: EVOLUTION MINING
If PEA was out as expected, NILI would be surrounded by multiple bidders, which would cause prejudice to Evolution Mining as they own parts of the private lands.
In order to remain on good times and ensure that the project moves ahead smoothly, EVOLUTION MINING gets first choice with NILI hence friendly gesture to delay PEA by 3 months.
If BUYOUT offer from Evolution Mining does not materialize then it is open game with all of the other suitors and Evolution Mining will try to cash in their $ 21 billion assest in a different way.
It is called RESPECT.
What could unravel this is a MAJOR buying out MALI causing a bidding war to develop for NILI.
Good Luck,