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AlwaysOptimistic

10/24/22 2:37 AM

#85276 RE: NorCalTommy #85275

NorCal, In reading what JS wrote, it appears consistent with what MS said in the video regarding releasing the information in a FS.

JS wrote you, "The FS is being incrementally updated as the work progresses. While this will streamline the issuance of a new technical report, please keep in mind that this a complex undertaking with approximately 20 authors, and the schedule for completing an update will be dictated by a particular critical path that will flow through engineering and costing and which relies on the outcome of the demonstration plant."

"The entire process of demonstration plant testing and updating the FS will take a matter of months, and certainly should be announced in 2022. "

It might be in the best interest of shareholders IMO that this information be released in a ground breaking revised FS (rather than a la carte) which is more impactful for financing efforts particularly as it relates to the debt side which heavily relies on FS's not milestone PR's which are important but perhaps not as impactful to financing efforts as a revised FS. JMO.