I'm new to mining so this may not make sense to you more...

I'm new to mining so this may not make sense to you more experienced folks, but can you let me know if ive got this right.....

- The normal route to production is Concept, PEA, PFS, FS
- We are planning to release a Scoping Study in July

Questions:
- Does SS sit between Concept and PEA?
- Chris called the scoping study 'PEA light', the interviewer called it 'SS Heavy' - what would the difference be?
- We are then planning to skip the PEA stage and go straight to PFS, correct?
- Does PFS require indicated rather than inferred?

When the interviewer pushed Chris, twice, about who else had ever skipped the PEA stage, he didn't answer- instead claiming that the environmental consultants had told him this would be ok because of low impact on the wetlands.

Have I got the above right? If so, does this seem like a do-able plan?

TIA