Ann: Quarterly Activities Report , page-12

As per the quarterly;

The Company is focussed on completing a scoping study-level relating to its main projects Lindsays,
Kurnalpi and Kalpini, including completion of a JORC-indicated resource statement. The Company will
then proceed with feasibility studies.
It is the Companys intention to proceed with resource definition to:
1. Lift Carricks inferred resource into a mineable indicated category.
2. Focus on exploration success at Lindsays, Kalpini and Kurnalpi.
3. Audit Carricks gold resource project by projec.

So the PFS was premature at this point in time, scoping study, JORC indicated resource statement is the focus.

JP Morgan is churning the stock, as shown by the Top 20 report.