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General Comments & Banter, page-9626

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    Day or Two MAX....IF it's good to go.

    If ASX or ASIC have questioned the PEA...

    1. Might only require text modification (addition of standard qualifying paragraph, expanding on assumptions, etc.)

    2. If the underlying methodology has been questioned, AGY may need to send it back to the external consultant for reworking. The same one that was too busy to get it done previously. This could add weeks.


    It's feeling very much like AGY were a little aggressive with their projections (which may be why the PEA has taken so long to get done, I imagine AGY pushed the external consultant to adopt a more aggressive methodology to maximise the ROI. Remembering that the external consultant has to sign-off on the PEA, it's not entirely the company's own work. But, there may have been some robust back and forth discussions if the first few drafts looked a bit conservative. You would think methodologies would be fairly standard, however, Lithium brine PEA's are not common and I think methods are still being developed).


    Who knows? And we won't know anything until its released.

    AGY certainly won't be fessing-up to any problems, they'll just make us wait.


    I am not saying this is the case here, hopefully I am wrong and we will see something soon.


    IMO

    DYOR



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