A "preliminary economic assessment” (PEA) is an integral part of a bankable feasibility study leading to production . A PEA will follow the resource estimate (43-101) of the Brookbank Gold Deposit. A PEA technical study provides; results of a base case for a deposit; a project payback period relative to capital cost estimate; an internal % rate of return; and a net present value (NPV).
However, 2 drills - a start - not enough. Ontex should have more drills for reason of its huge land bank and significant gold deposit with extraordinary potential. Our neighbour “KXL” has 6 drills working to enhance intrinsic value.