Besides, you guys are stuck on $10,000. It once was $8,500. What will the PEA use? I figure it will be closer to $20,000
It is very common for a PEA to use a range of prices. So a Gold mine project may use $1,200, $1,300 and $1,400 as 3 prices and the resulting IRR of each. I think $20K would be a stretch (or at least a stretch to assume full years annual production would sell at that number). I hope to see $8,500 as a minium price with perhaps $10K and $11.5K as the other scenarios. This should be more than good enough to rock the metals world.