The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
e-Feasibility Study (Preliminary Feasibility Study)
The CIM Definition Standards requires the completion of a Pre-Feasibility Study as the minimum prerequisite
for the conversion of Mineral Resources to Mineral Reserves.
A Pre-Feasibility Study is a comprehensive study of a range of options for the technical and economic
viability of a mineral project that has advanced to a stage where a preferred mining method, in the case
of underground mining, or the pit configuration, in the case of an open pit, is established and an
effective method of mineral processing is determined. It includes a financial analysis based on
reasonable assumptions on the Modifying Factors and the evaluation of any other relevant factors which
are sufficient for a Qualified Person, acting reasonably, to determine if all or part of the Mineral
Resource may be converted to a Mineral Reserve at the time of reporting. A Pre-Feasibility Study is at a
lower confidence level than a Feasibility Study
I've lost count of the presentations and new projects. I've also lost count of the times we've heard the words potential, due diligence, imminent, share holder value etc etc
Anyway, I've been staying away for a while and it's been bliss. I'll stay away a bit longer until the next RNS with promises.
Have a good weekend all.
Trying hard to polish turds I see!
I thought eureka was a potential iocg?
Typical cycle from xtract.
No good news, nothing good has happened......update the website or do a presentation to keep the shareholders chasing the carrot!