Fair Valuation of HIO, page-90

The amount of CapEx is largely irrelevant. Whether $4, $4million, $4billion or $44billion it is entirely dependant on the R.O.I., and yes any of these amounts will be found if the BFS stacks up. I do not think it will if $4billion or above. Probably a good time to reiterate what a B.F.S. actually is and what it needs to confirm...

What is a Bankable Feasibility Study?

A bankable feasibility study, often abbreviated as bankable feasibility study, is a comprehensive and meticulously prepared document that assesses the viability of a project from a financial, technical, operational, and economic perspective. Its primary purpose is to determine whether a proposed project is worthy of investment, particularly from banks, investors, or other financial institutions. A Bankable Feasibility Study will undertake in depth analysis of all the critical business, technological, financial, environmental, economic, market, human capital, and competitor model to understand a Projects viability and how it can succeed in today’s market. Bankable Feasibility studies require the review of critical inputs to develop a strong analysis that will allow board members, or underwriters to obtain validation or rejection for the Project.