Kimball Hansen
Kimball Hansen
board certain decide detailed dollars economic formula investing meet meets mine project provides return study terms
The whole economic formula for the mine project has to meet certain requirements in terms of its return on the company's investment. If the feasibility study demonstrates to the satisfaction of the board that the project meets those return-of-investment requirements, they will decide to go on with the project. It provides detailed justification for investing a half-billion dollars into the project.
approval board carefully final maybe prior release study
After the final approval from the board, it will release the funds, so it's a big step, maybe even the biggest. It's not just a rubber-stamp process; the board will look very carefully at the feasibility study prior to making a decision.