Bankable Feasability Study, page-8

Thanks heaps Toasty. Great info.

Also interesting on the banks. I recently moved to Broome, finished up at my work in mining efficiency and taking on a General Managers role for a 30m turn over a year company here in Broome. Long story short I am also buying up as many fishing licences I can. After forking out $100k on a new boat / 4wd / relocating costs I was a bit cash poor / investment rich and a fishing licence came up for $55k. I needed $25k to get it so approached the banks for a short term loan.
They flat out refused even though I had pre arranged to lease it out for 5 years and that alone would repay it. They said if I want the money for a holiday / car or credit card no problems but not for an incoming producing asset fishing licence. I couldnt believe it. Totally gobsmacked. The banks really have no idea or saw me as repaying the loan too quickly and them not making a good return on it. The seafood industry is setting up to be one of the countrys biggest industries in the next few years and they are oblivious to it. Result I have closed my account (Big 4 bank) of 30 years and will never deal with them again.