@browndog31 - While I would also like to get an understanding of where did all the money go and what do we have to show for it, I think your questions could be difficult to answer directly, because it might be different for different parts of the project or depending on the revised scope and plan. For example, the processing plant might be 80% complete, but the drilling could be 100% complete if the old mine pit is used but given it sounds like we will start with some shallow ore there would be some more drilling. The drilling that has been done will still be useful, but perhaps not for many years. As for the pipeline, well that will depend on what port we ship out of and or if there is an initial period of rail to port before a pipeline later.
Whilst I said I would like to know what we have to show for the money that was spent, I also acknowledge that is a sunk cost, the money has been spent and we can't get it back. I think I'm kind of saying that there is little point staring in the rear vision mirror if we are we are wanting to move forward, other than to see what lessons can be learnt so we head in the right direction when we move forward.
Whilst I am not saying you shouldn't ask your questions, for me, the more relevant questions are:
- Do we know what the scope of works for resuming the BFS looks like? For example, what is the mine plan, the processing plant and the port option (or options) that we are going to look to prove up to a BFS level. Do we have a clear understanding of the direction that we will be heading and the reasons why that is the right direction?
- How much will it cost to complete each aspect of the BFS and in effect, how much do we need in total?
- What is the plan for obtaining that BFS funding in order to maximise the returns to existing shareholders?
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@browndog31 - While I would also like to get an understanding of...
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