Tibber,
So, the latest PEA was based on gold at $1200. Why? I believe that the POG at the time was over $1800. Did they use a percentage of the then current price? or a standard that the industry as a whole uses?
Why not use $1225? The result would make us look better!! or $1275 or $1325?
Obviously, the more they can legitimately stretch the base price of gold , the better the project looks and the better the investor reaction
I doubt they just picked a figure that just sounded good ?
If the PEA was announced today would they simply use the same POG as they did before?
Rico