Ann: Quarterly Activities and Cash Flow Report, page-5

I do not believe the PEA will do much for the shareprice even if it does purport to demonstrate potential for a profitable mine. My reasons are twofold:

a) Ongoing volume and price stagnation (even during news flow and following MS announcements) strongly suggest the market has little interest in Oposura

b) A CR is obviously waiting in the wings, and any excitement arising from the release of a compelling PEA will be tempered by the prospect of imminent (lowball?) dilution

While the upside seems limited due to the aforementioned reasons, the potential for downside is real.

If the PEA fails to deliver a very strong business case, the company will be forced to pass the tin around again with nothing to offer for it.

The outcomes of such a scenario would be diabolical for current shareholders.