Bankable Feasibility Study definition
Examples of Bankable Feasibility Study in a sentence
LBSV shall be the operator upon submission and acceptance of the Bankable Feasibility Study.
Should the Management Committee resolve to conduct a Bankable Feasibility Study in respect of any Prospecting Right Area the cost of such Bankable Feasibility Study shall be borne by Taspac, Mmakau and the Broad Based Participants in accordance with their respective Participation Interest in the Joint Venture .
By way of example only, if 5 million ounces of gold equivalent resources are detailed in the Bankable Feasibility Study on the Beskauga Main Project, CB Parent will be entitled to a bonus payment equal to $6,000,000 in respect of the Beskauga Main Project and once paid, CB Parent will not be entitled to any further bonus payments in respect of the Beskauga Main Project.
Should the results of the Bankable Feasibility Study in respect of any particular Prospecting Right Area indicate that exploitation of the relevant Prospecting Right Area may be economically viable and the Management Committee adopt a unanimous resolution to proceed with further prospecting, the Joint Venture will continue in respect of such Prospecting Right Area on the terms and conditions set out in this Agreement until terminated in accordance with its provisions.
The actual production scale, and the total amount of the investment required to develop, mine and produce Products from the Gongguo Project shall be decided by the Board based on the results of the Bankable Feasibility Study and the then prevailing market conditions.