Primarily,I am OK with postponing the PEA to divert time and money to diamond drilling at Tempest (and/or other outcrops of high grade Cu which have not yet been touched)
Secondly, my delaying the PEA I see a clear signal that Ore-Sorted DSO (to develop cash-flow for major exploration and development with minimum dillution for existing holders) is likely to be discarded for faster Tier1 development (assuming PEA drives that). And I oppose that move.
A lot of discussion last year suggested that Storm will easily support OS-DSO, and we know that a PEA and probably a DFS and even a BFS will be needed for mine permiting and environmental and waterfront development to support it.
What we do not know is whether PEA/DFS/BFS studies directed at the Tier1 option, which would include underground, major plant construction and deep water port facilities with major capex, would prove that to be a better option.
So @Giovanni33 therein lies the quandary. Which plan is the better - and most important 'for whom', will us retail shareholders be best rewarded for our investment and support.
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