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A PEA is a Preliminary Economic Assessment, one of the first steps in determining the economic viability of a mineral resource. Assuming positive results, the next steps in the evaluation process are the Prefeasibility and Feasibility. Sometimes companies make the high-risk decision to move forward with a project without any further analysis. This presentation will cover the best practices for technical reporting and cover some special scenarios where building a mine with only a PEA is not as bad as it seems.