On the BFS/DFS thing my take is this...
If I was one of the big boys and I was interested in developing this project, I would model an internal version of a DFS. This would give me enough detail to model the NPV and IRR of the project. BFS would be irrelevant because I am financing it.
Given the following (source: Quarterly report)...
....I would hazard a guess that the parties that are enquiring wish to buy this thing out and incorporate into their roadmaps.
If I was WWI management and the enquiries (i.e. offers conditional on MR) that were coming in were very credible and at a level too good to knock back, I wouldn't bother with a bank finance/consortium oriented BFS per se...but just do a DFS as the suitor would pay a premium for us having done their work for them.
Too much time to ponder while we wait. Pure speculation and I could be off a mile.
THE 4 MILLION OUNCE BET, page-6083
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