http://www.theaustralian.com.au/bus...c/news-story/2d25ddf96dcb76d8be1e9d819c67fabe
sections of this article below:
... It has more or less made the release of early-stage scoping studies verboten, and calls on juniors to put the cart before the horse by demonstrating projects can be financed before there is a project — as if....
and
...In general practice, a scoping study is meant to have 35 per cent plus or minus accuracy on things like the potential annual production from a project, the capital cost, the production cost, mine life, and so on. In its ideal world, ASIC would like it based on mineable reserves, not lower-level resource estimates. But that again ignores reality. Done properly, a scoping study is a vital bit of information that determines whether a project is worth pursuing or not. As a result, it is also a vital marketing tool in attracting funding and or/partners to take the project to the next stages of greater confidence.
So companies will still be doing scoping studies. It’s just that they won’t be able to release the information....
*** looks like triton may have hit a few snags and may be in talks with our chinese shareholders - Minjar Gold to put their hand in their pockets a bit more**** IMO only
