My take on this quarterly is that the company is reporting it as it is and not speculating on what might (will) be the outcome of the pre-feas etc for a reason. I think that the big news will come later in the year as vendor shares come out of escrow and they gear for a CR to take the project to fruition. I'm confident of a "multi dollar" outcome as has always been Kevin Nichol's position.
Ann: Quarterly Activities Report , page-2
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