Ann: Mount Peake Project FEED Completion Update, page-28

https://www.ig.com/au/news-and-trad...ep-by-step-guide-to-mining-commodities-180530

Setting up a new mining project is no small feat. Discovering, developing and constructing a new mine takes years to complete and it is not uncommon for work to span over a decade before any serious levels of production are seen.
A lot can change in a matter of years, and the journey from discovery to production can be a tumultuous one for mining companies. Commodity prices can change drastically and affect the economics of the project, governments and legislation can be overhauled, and the supply and demand for any given commodity can change for a whole host of reasons – to name but a few potentials.
It is for this reason, coupled with the sheer amount of barriers they must clear and the substantial financial requirement to build a new mine, that share prices of mining companies are highly sensitive while projects are developed, particularly for junior mining companies that can often throw all their energy behind a couple or even just one project – making them all the more important for the future of the business.