RE:RE:RE:DENR Secretary Roy A. Cimatu and King-kingThis is a 2012 Preliminary Feasibility study. SAU needs to do a final Feasibility study for Philippine government approval AND for investors that aren't likely to pony up $2 Billion without it.
"The DENR chief vowed that pending applications would only be approved by the Mines and Geosciences Bureau (MGB) “only after a thorough review and validation of the Final Exploration Report and Mining Feasibility Studies.”
The Mining Feasibility Study, he said, should also show that the cost to develop the mine can pay for all the expenses related to the mining operation, including operating costs, administration overhead, and milling cost if there is a processing plant, environmental cost, social development cost, and safety and health cost.
If the feasibility studies “show less than ideal returns from the operation,” Cimatu said the application would likely be turned down."
db2067 wrote: Feasibility Study
https://www.sagcmining.com/wp-content/uploads/2013/12/NI-43-101_King-king_Rev.0-10-28-13_final.pdf