My guess is that the extraction/processing part of the feaso is straightforward once they got the test results to allow detailed circuit design of the equipment. They have ll the test results they need now don't they?
Required infrastructure should all be easy to work out (roads, power, water, rail connection etc). So, Capex should be easy enough.
Opex and shipping costs to port should be easy to calculate.
The Letters Of Intent received to date should give enough guidance on a projected sale price and matching that to the Opex should be enough to work out a projected profit.
So what else do they need to complete the feaso? Is there an uncertainty somewhere I haven't considered? Is there something else that may come into play they are waiting for? Why are we waiting?
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