GREY:DULMF - Post by User
Comment by
miningfundion Mar 13, 2014 3:51pm
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Post# 22319739
RE:RE:RE:Financing--not enough $ --too late--desperate dilution?
RE:RE:RE:Financing--not enough $ --too late--desperate dilution?In their news release of 01/07/2014, management stated that the PFS was expected "mid-year 2014".
The PEA (similar to the old scoping study) was prepared in January 2009 - more than five years ago! It gives a very preliminary economic assessment of the resources, usually mainly inferred.
The PFS will convert the non-inferred resources (refer to the latest technical report) to reserves and will provide a much more accurate assessment of the Project - technical and financial. Expected by June 2014?
The FS is essentially a much more accurate PFS to the extent that, assuming that it is high quality, it will be relied on by bankers (and investors). This "BFS" triggers the Anto option. Who knows when this will be completed, hopefully by July 2016!