Actually, Allinergy2 replied with what I feel was a good response:
"arbitragic, I agree with you to some extent. A PEA is not the catalyst that will move ZEN shares to what estimates have been thrown around.
It's only a Prelinary Economic Assessment, which means there will be more studies needed. That is a fact.
What could drive the shareprice higher, in my opinion, is what may come after the PEA if it shows good economics and the purity of the final product with regards to the cost of getting to this purity.
If the PEA shows excellent future potential, ZEN will still need short term catalysts as moving towards a Final Feasibility Study is rather expensive and very long process, but it doesn't mean the share price will collapse after a positive PEA, only a mediocre PEA will have that effect in my opinion.
Zenyatta needs a very good PEA and catalysts to follow which inlcude Offtakes, or a potential suitor. Either one is a very good possibility, but only with very positive PEA numbers."
~snezzer
