Understand that there is about 12 years of processing in those tailings. If you ask me, our 73 year old CEO never had any intentions to touch the tailings. His main goal was and still is to prove what resources are on our property and get bought out.
PQ has a real estate background, NOT a mining background. NI 43-101 is an appraisal just like in real estate. You can't and won't sell your home without an appraisal. When it's filed in the next few weeks, it's the start of saying "start packing your boxes", because either Eike or someone else wants and is going to buy your home.
Regarding the buyback, I spoke with RK and he said that management's goal is to reduce the o/s down to 100 million. Whether it will be accomplished or not, time will tell. I can tell you that management has done everything they said and have set out to do, and some.
Exciting days ahead.
