20121,

Webb recently said to JP, ".  I think you'll see a preliminary assessment coming out in less than six months, and that should demonstrate the economic viability and perhaps move our ounces of gold from where it stands today at under $50s an ounce towards our peer group average which is somewhere between 75 and $80 an ounce, to those that have demonstrated economic potential and they generally trade in the 100 and 200 dollar an ounce range for the resource."

What is not clear, however, is whether "those that have demonstrated economic potential" and 'trade in the 100 and 200 dollar an ounce range" have done so by a PA, Pre-feas or Feasibility.

Tyhee's PA, according to Dave Webb in a number of emails to me, is not like the usual scooping study to the extent that it is far more comprehensive. How much it will resemble a Prefeasability or feasabiity study, he didn't say.

Baires