I have a different and probably overly optimistic theory on the minimal information contained in the feasibilty study.
I do acknowledge ASX new rules on forecasting (and that may be the orimary reason) however I believe even with Kogi large reserve, there is plenty of similar iron ore in the surrounding region. Mostly undiscovered, but there are other known reserves. So as to prevent any potential competition, the feasibility details will remain unpublished until the last moments before the projects ultimate decision to proceed is about to be made. Even then it will be minimal.
At some point, probably soon after KFE announces its decision to proceed, other foreign and local conglomerates will move in with the same intension.
In other words the DIrect Reduction project is highly profitable, but they want to keep the tight lid on it.
Actually it is so profitable, that 100% debt financing is possible. MTO
Next 2 months is all the waiting time needed. During which time, information will be announced. All IMHO
I have a different and probably overly optimistic theory on the...
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