Don't they have to complete their Bankable Feasibility Study before confirming a development scenario in order to, you know, ensure the project is even economically feasible? All they have is a PEA, which ain't worth much in the eyes of the banks. Nobody is going to commit say $150-250M towards construction of a small, lowish-grade gold mining project until it's absolutely documented as profitable at whatever future gold price they can justify (which believe me is going to be south of US$3K/oz for a BFS)...
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