Sounds as though you are a North American.
For the ASX, a PEA is equivalent to a Scoping Study with an accuracy of about 30%. AHK say they are carrying out a Preliminary Feasibility Study by the end of the year. That is a much more rigorous and accurate assessment than a PEA or SS and is around 20% accuracy. Hope this helps. Achieving a PFS should give more confidence in prospects than a PEA.
Ann: Maiden Indicated Mineral Resource Estimate at Sandy Mitchell, page-3
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Mkt cap ! $12.47M | |||
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