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Message: PEA.

Good question. It's supposed to come out after the drill program is completed but they've expanded that program to 45,000 m. We are overdue for assay results so we could get something soon which may tell us when to expect a revised resource update and PEA update. I've put together the following table as a rough guide:

March 16 - 2000m drilled

April 14 - 7000 m drilled

May 19 - 17000 m drilled

It looks like they can drill about 10000 m per month with 4 rigs so they should be roughly about 37000 m today and should reach the 45000 target by mid August at the latest. The data should be entered into the 3D geomodel as it's being received so if you allow 3 weeks for the last of the assay numbers to come in by early September then we should get our updates by about the third week of that month. The addition of the VP Operations suggest they clearly intend to become a mine operator.

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