Ann: Diggers and Dealers - Corporate Presentation, page-82

It would be normal to think that SPR would go down into a Lassonde dip between exploration and developer. I think they are actively working to talk up, and be, an explorer while quietly getting development ready. If that is true then it is a great strategy for shareholders - I think we will avoid the dip which PAC presumably expects. I think SPR will be able to turn on a dime from explorer to very near term developer.. I probably would have just ridden out the dip and waited for production anyway, but paper gains are still nicer to see than paper losses and it makes finance for re-starting easier and less painful.

They have very little to say about metallurgy, mine plans, getting the mill ready but I think they are doing all that ... it is just better not to tease the market with development talk and to keep the focus on production. So I think the PAC position is understandable but mistaken.