TSXV:FCO.H - Post by User
Post by
BarnFindon May 17, 2018 11:54am
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Post# 28046089
Revised Feasibility Study
Revised Feasibility StudyThanks for the reply ufoolme.
I think that most of the Revised FS could have be completed some time ago. However, if ECSIF is going to use the arsenic removal process of DST, as indicated by management in interviews, the processing cost and timeline could be an issue. It is my understanding that Dundee is a large shareholder of both ECSIF and DST and as such may have enough shares to impact pricing that ECSIF will pay DST for processing. If that occurs, the arsenic removal may have a material negative impact on the Revised FS finantials. If I am correct, it isnot be surprising that its release has been delayed. Of course, I am just trying to put logic to what information publically available, so I may be totally off base. Who knows?