IMO if the PEA is completed or close to being completed we will get the NR dealing with the 4th market segment soon and PEA will follow shortly after.
Otherwise we won’t get the 4th market segment NR until the PEA is ready. ZEN will have proven the graphite can be processed for all 4 markets. What’s left but to release the PEA? According to AE the PEA was almost finished in December. We’ve had NR’s covering the other 3 markets and now we’re waiting for the results for the 4th segment. It just makes sense to me the PEA would follow the 4th market segment NR.