RE: funding feasibilty studyA feasability study?
There are several from what I understand.
Basically it is the evaluation of a proposed site. there is the preliminary, order of magnitude, detailed.
Not necessarily in that order.
I know a pre feasibility studies are very detailed. I believe this is important for them to decide whether or not to proceed with exploration. Does a property have feasibility?
The order of magnitude are called "scoping studies" which appraise an indicated mineral resource. This involves a preliminary mine plan an includes costs etc....
The detailed will determine whether or not to proceed with the project.
So IMHO the "positive feasability would mean that there is positively a mine. This one shows costs and everything down to the parking spots.....:)
I read this stuff some time ago. If you want more in depth I would suggest you google the terms. You will find lots of reading.
I hope this helps. My mind is rusty and I have brain farts..........:)
Don