Generation Mining Ltd T.GENM

jakebrick

[tarsands]

They may be one in the same thing! We shall see!

Bankable Feasibility Study (BFS) or Definitive Feasibility Study (DFS)

A Bankable Feasibility Study (BFS) is the final piece of the financing puzzle. The results of the study serve as the basis for a final decision whether to proceed with the mine plans. It would be unusual for a company to get finance in place without one.

Companies in the development stage already have a fairly accurate idea of the size, grade and abundance of the resource - meaning that there is more data to analyse and less risk. Economic assessments and feasibility studies are similar to NI 43-101 reports in that they are held to high standards. Investors can be more confident that these companies will move towards the production stage. 

 

[PrussiaProfit]

Kerry said in his latest interview that it IS a BANKABLE feasibility study but you're not allowed to call it that in Canada. So Definitive Feasibility Study = BANKABLE Feasibility Study. https://youtu.be/O-J-l--jjoY

[jakebrick]

Yes, thank you, this is exactly what I was alluding to in my post (which wasn't clear enough). Highly reccomend watching the video linked: https://youtu.be/O-J-l--jjoY The DFS talk is towards the end, I beleive. Thanks