share price , page-17

Denial - I think that's why they're called "bankable" feasibility studies - you can take it to the bank.
Seems logical.

TH project build is still a fair way off. The early interest from prospective financiers is not a cause for anxiety - it is a good thing.

They can see the size, cost and prospect of the project without the formality of the feasibility study - and the recent report said the pre-feasibility used the same sort of parameters as the final (+ or - 15%) will use, so the confidence is justifiably quite high that it will proceed.

My only concerns are not around feasibility, but around any sovereign risk - Algeria is not South Australia.

At the same time, that is probably a factor that lets us in at a quite cheap price relative to the benefits of success.