Old Mate Google says: BFS - Bankable feasibility study 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.
My opinion: This stock is speculative in that they aren't super into the acutal mining of product at the moment - they're digging around to see if there is enough 'stuff' in the land to justify digging it up.
ATM they do a lot of announcements saying "oohh we found the signs of a whole bunch of cool shit", and at some point they should produce a BFS that says if we start digging now, we can expect to get $$$ for Xyears, but at a setup cost of $
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