…a few things happen:
- You don’t need to cut corners on cost parameters.
- You can highlight the total LoM capex and not try to hide behind initial capex
- The market doesn’t care if it’s only a scoping study at this stage.
- It doesn’t even care about the location. Much.
- You stock pings 10% at the open.
Yup, Mariana Resources (MARL.v) has given us its Hot Maden PEA today.
Disclosure: I own no shares directly, but do have some indirect financial exposure to the success of this project.