Within days - DFS and 5 year plan could come after hours10 Sep 2021 16:14
The asset/s potentially get sold as a ready to go project, the DFS completes the 'donkey work' if you like -
"Further details on the Monchetundra Definitive Feasibility Study
The following tests have successfully been accomplished by Gipronickel (an engineering arm of Norilsk Nickel) including but not limited to physical and mechanical tests to determine the average density, the true density, porosity, the speed of propagation of longitudinal and shear waves of the rocks, the rock hardness coefficient, uniaxial tension along generatrixes, uniaxial compression, the water absorption, the natural moisture content of rocks, measurements of the physical properties of the rocks.
Detailed metallurgical tests have successfully been completed by Mekhanobr Engineering that possesses the 90-years of experience in detailed design of base metals and precious metals processing facilities, industrial processing operations, tailing storage facilities, etc. More than 250 mining-and-processing operations have been constructed using their designs, now effectively operating in Russia and abroad.
Central Kola Expedition (CKE) has accomplished the majority of work related to the DFS that, amongst other items, included drillhole digital database compilation, wireframe and block modelling, and open pit optimisations. A detailed mining plan for the first 5 years of the mine is expected to be completed within 2 weeks. CKE has significant experience on the Kola Peninsula working for Russian mining majors including Norilsk Nickel, Polymetal, Acron, Eurochem and Severstal as well as for international mining majors including Anglo American Platinum, Barrick, B2Gold and Kinross.
Wardell Armstrong International has undertaken site visits and audited the Monchetundra drill core storage at the warehouse owned and managed by CKE, the quality assurance and quality control procedures and the work done by Gipronickel, CKE and other professional contractors of Eurasia.
EMR (Engineering of Mineral Resources) that has an excellent track record cross-referencing Russian reserves with reserves under the JORC Code is coordinating the DFS for the purposes of the Russian authorities."
The buyer simply pays top dollar with the majority of risk removed on the asset/s. They take the construction risk going forward, that is all, something which is negligible to mining giant, or, consortium working together.
Only those with tickets reap the rewards!
Koka Kola's all round!
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