Tidal,

In your scenario, how does the share price "push towards" $20 based on a PP?

IMHO, 'what is not to like' is - you are essentially giving away 10% of the project for $3 per share. Why would a compnay do that and then release a stunner PEA? Why not release the stunner PEA and then sell off 10% at a much higher value.

I actually think if they followed your timeline , the BOD could be accused of serious fiscal mismanagement.

Becuase we do not have the PEA as a public document right now, we can only guess at the value of 10% of the property. But insiders would already know that so selling at (assuming here) a deep discount would not 'create' a high market for the other 90%, it would put a cap on the market for the other 90%.