I think that the recent PEA did not help at all by not including the higher grade deposit in the east for underground development.Their initial estimate only took the open pit potential into consideration and came up short of expectation that Pebble can produce more than a billion pounds of copper as well as over one million ounces of gold per year.It seems that the much needed prefeasibility report had been delayed again and again and no major company is going to make a take over bid without it.At one time they did mention about a chinese smelting company(chinalco) as an interested party.Whichever way one looks at this company,it,s hard not to compare it with Ivanhoe mines and just look at their market cap now.It,s insane particularly that the mongolian government owns a huge chunk of it.Or is it because of the great promotional works that Robert Friedland had done.NDM management did nothing other than paying themselves handsomely in every respect.