To me, the DFS is not about prices or capex estimates but is a demonstration by the company that:
1) they deliver on a promise
2) they now have a definitive document that has done all the detail
3) it is something which finaciers etc can hang there hat on and say within +/-10% I am happy to donate money to the cause.
4) The board can now approve the next steps.
before this document you can claim anything as it is all done on the back of an envelope. ie It now has less risk.
that less risk has a value, as does the covenant, licence, finance and offtake agreements.
I just want to know that it was delivered on time. I dont want to read it, because generally they cure insomnia.
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