how does wayne do it?, page-88

"what is A BFS for?? ..what is its function?"

Really? Serious question???????

It is used to show the potential economics of a project ie its feasibility under different scenarios with different variables and assumptions. Like pointed out by some posters it is not perfect but provides transparency and when we are talking about a company that a few years ago had a market cap of nearly a billion dollars it is a must.

Look at the shareholder structure and its blatantly obvious that this company lacks institutional support ie those that are responsible for other peoples money, those that are responsible for buying large amounts. I haven't had a look at SFR shareholder structure but I bet they have plenty institutional support. You see if they cant place a value on a mining project because the company doesn't release the info they need (cos its a waste of money) then they will look elsewhere.

If you don't know what a bfs is for go ask institutional investors what its for. I cant believe that this topic is even up for debate on here. It is a public company. If it doesn't feel the need to show the economics of the project it should be private (and even then imo it would be a mistake).

You have a red heart Hotrock and I have read some of your posts and I conclude that you know your stuff but this particular comment of yours is BS.