Ann: MCB Project Mining Permit granted by Philippine Government, page-87

Finally, a post that is well articulated based on a reasoned opinion, not wishful thinking. The lack of a bankable feasibility, or even a pre-feasibility will make raising project finance or debt extremely difficult. The declaration of mine feasibility submitted to the government was based on a scoping study. This was a study based on disposing all tailings underground and now locked into the mining permit. The granting of the mining permit does deserve a rerate, but I agree with Goldguy90, most serious suitors will want a BFS first.