Ann: Bankable Feasibility Study Activity Slowed, page-324

The brutal reality for near term development of any project is inflationary pressures have placed major stress on expenditures. Unless these costs can be mitigated with a product price that is increasing in tandem, the project becomes unfeasible. Australian cobstruction has suffered this recently. Ine of the few sectors that could cope ate lithium sectors where the prices are exploding. Iron ore has dropped. This is the reason central banks want to aggressively curtail inflation. Once it sets, the imoact is worse with prolonged demand destruction and longer recovery. This is the question for hio. Once was seen as a viable business is now not so. To what extent is what the market wants to know and for how long. If these inflationary prices are the new norm for the next 5 years, the project is useless and hio will need an alternative. The current mc of 70 mill cannot be sustained.