Friday, January 20, 2017 4:47:46 AM
"At this stage a comprehensive feasibility study is undertaken covering capital requirements, returns on investment, payback period and other essentials, in order for the board of directors of the company to make the final decision on developing the prospect into a mine. The costs for a feasibility study is quite substantial and could reach an amount of approximately of 5% of the required capital costs for the entire mining project. "
BoD and principal investor both met at Rancho's Mex 2, 3 wire gate Feb '12 and said we'll skip 1st 5% and just get started.
Investor guy, "I'll speak to a few friends. See ya later ".
Now is finally later. Not all that complicated among friends who check things out from previous development experience in LODE, MUX, GORO for a few decades. Is often termed MINING HISTORY and geology students study it.
Nexus: "the central and most important point or place" ... may be simple as 3 strands of barbed wire.
file:///C:/Users/CDC/Downloads/6991%201722%2001_L.pdf
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