Looking at TNG's cash burn: According to a project developer...

Looking at TNG's cash burn: According to a project developer friend of mine a complete, thoroughly done FEED for a project of this complexity (megaproject) would cost TNG 3-5 percent of project capex and run over 12 - 24 months. Thus TNG probably has to raise at least another 20M before a FID report can be issued. Sounds like a lot, but is pocket change compared to the size and potential of TIVAN and the Mt. Peake project. To put things in perspective: At least a part of the money spent on FEED should directly translate into a capex reduction.