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So we're they lying in the scoping study when they said we...

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ChristopherC

4,838 Posts.

518

21/11/19

01:29

Post #: 41543764
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Originally posted by SPS ↑

BB is an excellent geo, one of the best I have worked with. And the best I’ve ever seen at assessing projects. So whether it’s assessing current projects or potential new ones that’s who I’d like to be looking after my investment.

Please read the following again, taken from “ASX interim guidance: reporting scoping studies”, readily available online.

“If the entity is concerned that there may not be a reasonable basis for the Production Target or forecast financial information included in a [scoping study] but it wishes nonetheless to publish the general outcome of the [scoping study], then it can publish a summary of the preliminary study that does not mention the Production Target or forecast financial information.

The entity can still say, if this is the case, that the results of the [scoping study] were positive and that the results justify the entity to commit to the next stage of exploration and development ....”

Part of being a good geo and MD is changing your assessment over time as market conditions change and studies evolve.

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So we're they lying in the scoping study when they said we should move forward and do a pfs???

Christopher

CLA Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

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