Ann: Positive Pre-Feasibility Study Enhances NAL Value, page-93

Seems we'll be waiting for a while yet for the DFS if they still need to do an updated PFS for Authier, then bring them both together for the DFS. At least we now know why the delay for DFS, but it would have been nice to get an announcement a number of weeks ago explaining the delay rather than getting everyone's expectations up for something big, then just present a PFS for NAL only.

Moblan results may kick things along a bit, but the rocket ships people were hoping for will have to be put on hold for a while. I've got no doubts the future will be bright, but I can't help but feel a little let down by Management. This is what happens when there's silence - expectations build and it hasn't been met with just a PFS. Communication would have tempered the expectations and it's something we need to get right moving forward.

But, the wheels are moving just a bit slower than anticipated. In 12 months we won't be trading in the 20s so patience is key, as always.