What a waste of time to generate a second scoping study with the...

What a waste of time to generate a second scoping study with the only change an increase in production rate and total production. The purpose of scoping studies is to determine an optimal development approach (e.g. mine design, mining method, process flow, etc.) and determine whether this is economically viable. This serves as the basis for feasibility studies (pre-feasibility followed by bankable study, or directly to bankable) where the inputs are estimated to higher confidence levels. Since NWC has not changed the approach from the first scoping study, they might as well have gone to feasibilty study with increased throughput. I find truly amazing is that they could again not put together a tax model to provide us with after-tax NPV's and IRR's. Pre-tax numbers are pretty meaningless. How lazy this management is.

I like the project, but management is atrocious.