"The BFS, then project financing will be ahead"Yes project...

"The BFS, then project financing will be ahead"

Yes project finacing will be ahead but not a BFS.

From the DFS will come the decision to mine and it will be used for project financing. There will be no further studies for funding, this is it.

"Definitive Feasibility Studies" (DFS) are just that "definitive". This is the fial hurdle for PEN in this phase.

It should be noted hat DFS are very high level detailed design engineering and financial modelling studies. DFS are often used to further refine BFS (Bankable Feasibilty Studies).

As opposed to the PFS (Pre-Feasibilty Study) of which is the selection of the preferred "options" and is the decision point to proceed to DFS, where the selected options are refined in detail.

The "options" come from the "Scoping Study" whereas the engineers select multiple design options and other aspects for inclusion in the DFS such environment, community, budgets, regulatory considerations etc.

We are now on the verge of the key document to be used for funding purposes and the boards "Decision to Mine".

Enjoy...