First, I believe the PEA will be a conservative document but even with conservative imputs we will yield numbers that will have institutions buying. This may not happen on day 1 or week 1 but it will happen and these are my expectations based on other single project companies that had positive PEAs:

If NPV is $1.5B, I would expect our share price within 3 months to move towards $7.50 per share (30% of NPV over 60M shares)

If NPV is $2B, $10 per share

If NPV is $2.5B, $12.50 per share

The hard part was waiting the last year. The easy money will be coming soon where we can really put some value to the company. I for one cannot wait to see the PEA, NPV, IRR but also how conservative RPA was in their assumptions. If their assumptions are overly conservative, I believe we will trade at more than 30% of NPV within 3 months. On the other hand, if assumptions are too generous, we will probably not see 30% of NPV.

Looking forward to seeing speculation move us higher as there is huge upside from our current share price and the clock is ticking hard.

Choo Choo,

Glorieux