CD,

Good analysis.

My one question would be: how do junior miners typically trade in relation to their NPV after the release of a PEA? For example, do most juniors remain at the 3.5 X undervalued factor until they reach production stage? When does the disconnect usually disappear? It would be helpful to have some other recent examples for comparison, because as of now I have no idea whether or not this discount is normal or not.

I won't have time to do this research until next week but am just putting the thought out there to anyone who may.

Best,

Hysteria