That's for you Fingersxd, thank you for proving one more time how ignorant you are about the mining industry and processes.
Once a mining company has established the size and quality of its deposit, ample research must then be conducted to determine whether the resource can be extracted both economically and profitably.To determine this outcome, an enormous amount of research and proof of concept is required to establish whether the project should go ahead, be redesigned, or abandoned.Usually, four stages of proof are undertaken which represent the general levels of certainty reached: Scoping (or Conceptual) Study Pre-feasibility (or Preliminary) Study (PFS) Definitive Feasibility Study (DFS) Bankable feasibility study (BFS) In brief, the Scoping Study is an early-stage study based on the forecast economics and assumptions of the mining project.It is used for development planning and aims to determine whether further studies should go ahead. If the results obtained in the study are compelling, then the company should proceed to the PFS, which is more detailed and results more reliable. The DFS follows the PFS and is the most detailed and comprehensive study, determining definitively whether to proceed with the project.All parameters including geological, engineering, legal, operating, economic, social, environmental are considered in order for the company to have near certain confidence of the success of the project. The BFS is the final stage before development, including the necessary detail on what terms financiers should lend to the company.This study determines whether the project is profitable and how much capital will be required, allowing for the bank and engineers to determine if risks are acceptable, and confirm that the project is viable.
should I put some lol lol for you? Nah
EMH Price at posting:
$2.08 Sentiment: Buy Disclosure: Held
