i think you and others have also contributed to a sensible level headed discussion and i thank you all for that - we all in this together
Now, my first initial thoughts about Stephen Hunt when i saw his Interview on website is that he is a humble guy with a lot of passion and drive for success
What he did at MNS in such short time was also outstanding however he saw VRC would be a better fit for him and those guys i mentioned in my previous post who have joined VRC are also from MNS - clearly they know how to get an operation up to speed and into full production, dot their I's and cross their T's - i suspect they all learned a heck of a lot from MNS work
i certainly dont think that leaving MNS to come to VRC has hurt him at all - and he clearly left in good stead -
lets take a look at Feasibility studies !!! Pre-Feasibility and Definitive Feasibility Studies
Pre-feasibility and Definitive Feasibility Studies (PFS and DFS). These studies are comprehensive, robust and provide our clients with the very best foundation for making business-critical decisions about their assets.
PFS will more than likely highlight :
Scoping the study and the project under consideration.
Identifying and engaging necessary resources to complete the study.
Scheduling the study completion and managing contributing resources to ensure milestones, delivery dates and budgets are met.
Coordinating stakeholder engagement, feedback and questions.
Consolidating technical findings.
Stress testing and imposing constructive challenge on both the capital cost estimate and schedule.
Carrying out an @risk analysis (Monto Carlo based) on the capital estimate so a sensible contingency provision which reflects the risk profile is developed.
Carrying out a similar approach on the schedule to determine best and worst case scenarios to enable recommendation of sensible float provisions.
Development of a transparent and auditable financial model.
Overall delivery of the study including presenting to key stakeholders (financiers, executive management, board, Joint Venture partners etc.)
So , the fact that people are selling before a PFS is so entertaining to me because the PFS could come out any day now
It will show economic robustness and will fire a warning shot across the bow of the spherical graphite ( for battery use in EVs which is VRCs main target/ focus ) sector, that we have an economically viable project - with off-takes already in place - WOW !
(20min delay)