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Message: Re: Goldex will be a royalty producer/PEA delay

"The first action by an acquirer, most probable following the PEA Study, now coming 1Q2013 (Cormark -PEA: Previously expected in Q4/12, we now expect this study to be released in Q1/13 to show a

15,000–20,000 tpd open-pit operation producing 200 Koz/yr at ~ 1 g/t requiring $500 MM in initial

CAPEX.)

Cheers, Mark"

Mark

from your post quoted above: would you please post the entire Cormark source document which contained the PEA delay to Q1/2013, and/or suggest an explanation as to why PRB/Palmer did not NR this info. Why does Cormark know about (allegedly) the PEA delay; and why would the same Cormark be the big PRB buyer of PRB since the alleged delay notice was posted by you?

Ps Mark, your note quote above is the only reference about the delay I have seen, to date.

Thanks in advance of your reply, Peter

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Oct 06, 2012 06:24AM
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