break out, page-47

123enen

You are correct and well said.

From the recent Intersuisse report;

"It is intended to complete a 'Detailed Feasibility Study' by the end of 2011, with
development approvals early in 2012"

For those of us here who may like further clarification;

(Reference Wikipedia)

'Preliminary feasibility Study'

"Preliminary feasibility studies or "pre-feasibility studies" are more detailed than order of magnitude studies. A preliminary feasibility study is used in due diligence work, determining whether or not to proceed with a detailed feasibility study and as a "reality check" to determine areas within the project that require more attention. Preliminary feasibility studies are done by factoring known unit costs and by estimating gross dimensions or quantities once conceptual or preliminary engineering and mine design has been completed. Preliminary feasibility studi es are completed by a small group of multi-disciplined technical individuals and have an accuracy within 20-30%."

'Detailed feasibility'

"Detailed feasibility studies are the most detailed and will determine definitively whether or not to proceed with the project. A detailed feasibility study will be the basis for capital appropriation, and will provide the budget figures for the project. Detailed feasibility studies require a significant amount of formal engineering work are accurate to within 10-15% and can cost between ?-1?% of the total estimated project cost."

So in real terms, we are looking at completion in around 12 months.
Environmental approval has been slated by the company as being targetted by March 2012.

All the studies will not need to prove whether the project will proceed. 'That' is an important point here for thos os us wondering about the processes and further risks.

Important and necessary as they are, in regards to shareholders these are elementary as the resource itself is already demonstrating that it is economically robust and this scenario is improving as the resource expands...and the tonnages at 66% increase.