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Gold/Mining/Energy : CCB vs ZEN truth board -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (4966)	3/13/2016 4:33:55 PM
From: helo4	Read Replies (1) \| Respond to of 12350

Thanks for that info. It then certainly seems unusual for a company to put out a 100% inferred PEA. I don't see then how the company can say its going forward with a PFS when it has not provided to investors any measured resources. I guess the company is banking on the 47 drill program to give them this additional info.

To: Rocket Red who wrote (4966)	3/13/2016 4:58:56 PM
From: GrumpyGus	Read Replies (3) \| Respond to of 12350

Maybe none have done it before, to your knowledge, but it apparently is allowed. A preliminary economic assessment (or “PEA”) means a study, other than a pre-feasibility study or feasibility study, that includes an economic analysis of the potential viability of mineral resources. Typically the accuracy of a PEA is in the range of -30% to +50% with a contingency of 25% to 50%. The confidence level of a PEA is low, below that of either an feasibility or preliminary feasibility study. Unlike the other two types of study, a PEA may contain result of an economic analysis that includes, or is based upon, inferred mineral resources. However, where that occurs, disclosure based on the study must contain prescribed cautionary language. casselsbrock.com