Sorry goFWR, perhaps I don't understand your point. But my understanding is that the PEA is determining if there is a realistic potential for a profitable mine. From the NR, one of the objectives of the PA was to: "demonstrate the economic potential of Eagle's Nest as a stand alone project." Therefore this PA has to consider whether the costs would be greater than the anticipated revenues. The infrastructure and other costs in order to access those minerals would be occur well before any revenue could be realised from mining those minerals over the trailing 11 years. Therefore the discount rate is a very important factor. It is interesting to see various discount rates applied by different companies such as the example provided by bayboy. (Thanks bayboy for that example)

pymmer