Sounds like BS. What the crap does a bank or "investor" need to...

Sounds like BS.

What the crap does a bank or "investor" need to query the Port Hedland Port Authority stuff for? As far as the company has told everyone, it has its berth space. EPA, fair enough, it's still hanging out there. And independent opex and capex studies? Thats what they are paying Golders and Oreology for - its an independent engineers' report.

Due dilligence only goes so far - from the way that read, it's like the banks are running their own BFS on the project - which is ridiculous. Due dilligence, I'll buy - but that involves getting the banks to pay another independent engineer and lawyers to run over the fundamentals of the original independent engineer report and say whether they agree/disagree.

One would hope that Aurox's engineers are better at this caper than AIM's. Either way, there's a limit to due dilligence and once its done, its done and the project funding will either come or it won't. But there's no way there'd be any independent consultants running a ruler over Capex estimates to replicate the BFS process.

And has not the company already agreed to a fixed price contract (as much as these things are fixed price) with Siemens? So whats the point of reviewing capex estimates on a fixed price contract.