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Gold/Mining/Energy : CCB vs ZEN truth board
ZEN.V 1.0000.0%Dec 24 9:30 AM EST
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To: the Chief who wrote (732)12/19/2015 3:01:45 PM
From: stuffbugRead Replies (2) of 12350
 
We need PFS accuracy to get into Production.
That's a good description.
The typical accuracy of a PEA is plus or minus 30%.
However, because the Miller operation will be far less complex (and at a much smaller scale) than the typical mine, the cost estimates should be very accurate.
And with indicative graphite pricing and the marble offtake agreement, the revenue projections should also be accurate.

IF the economics prove to be very compelling, the net result is that a well supported production decision can be made based on the PEA technical document.
An important objective of the PFS and FS is to reduce the risk of a poor investment.
However, if, upon completion of the PEA, you know the CAPEX and OPEX costs and revenues to within 10 percent, there is no real need to perform additional studies.
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