f111 (and others),
I think the challenge for ESI during the BFS is to qualify and (hopefully) identify costs reduction wins and bankable certainty on CAPEX, along with warratied performance improvements on final design by Arup. With these we will then be in a position to sharpen the point on the ROI for the specific TINCOM project. I suspect that LV conditions will likely be the most challenging for any BFS of a coldry plant and other (global) areas will be less challenging on the financial feasibility side of things but more so on other areas, like IP control and the management of clean, reliable cashflows from royalties.
f111, can I ask, what did you think of the research note?
its style, its content, etc.
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