Positive Feasibility Study definition

Positive Feasibility Study means a detailed report that recommends the development of a mine on a portion of the Newmont Property or Area of Interest (collectively, “Property”) and includes at least the following information:

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Positive Feasibility Study means a Feasibility Study which contains an unqualified recommendation that a Production Decision be made.

Positive Feasibility Study means a Feasibility Study prepared for any part of the Property which demonstrates a 10% internal rate of return from a mine on the Property after tax and financing costs;

Examples of Positive Feasibility Study in a sentence

• The costs incurred by Queensgate in its attempt to complete the Positive Feasibility Study shall be considered capital contributions to the Joint Venture and Miranda shall be deemed to have contributed an amount commensurate with its forty percent (40%) interest.

• The Management Committee shall thereupon discuss in good faith the merits of Approving a Development Program and Budget (where good faith refers to the technical and economic feasibility of the posited Mine or expansion in the Positive Feasibility Study and which considerations shall not include considerations about a Participating Group’s own funding abilities or other project development priorities).

• Following White Bear’s expenditure of a total of $12,000,000.00 on the Property, the value of Miranda’s Participating Interest shall be FIVE MILLION ONE HUNDRED FORTY-TWO THOUSAND EIGHT HUNDRED FIFTY-SEVEN DOLLARS ($5,142,857.00) If White Bear elects to earn a 70% interest in the Property by funding a Positive Feasibility Study, upon completion of such Positive Feasibility Study, the Participating Interest of White Bear shall be 70% and the Participating Interest of Miranda shall be 30%.

• The value of Piedmont’s Participating Interest shall be the amount actually expended by Piedmont in funding activities on the Property through a Positive Feasibility Study, and the deemed value of Columbus’ Participating Interest shall be calculated so that it represents 30% of the total expenditures on the Property.

• If Newmont has not previously elected the Venture Option under Sections 9(a)(i) or 9(a)(ii), at any time after the expiration of the 60-day election period under Section 9(a)(ii) and prior to AuEx’s delivery to Newmont of a Positive Feasibility Study under Section 5 above, Newmont may elect the Venture Option by notifying AuEx in writing of such election.

• ATW may require that the decision on whether development of a mine is warranted in accordance with the Positive Feasibility Study shall be deferred for up to 12 months after the Positive Feasibility Study has been obtained.

• Alternatively, White Bear may elect not to complete a Positive Feasibility Study, but instead to form a 60% Joint Venture with Miranda in accordance with Section 3.

• Prior to the Commercial Production Date, Grantee shall prepare and deliver to Grantor a notice that includes: (i) a Positive Feasibility Study, as defined in Exhibit 4 hereto covering the portion of the Expenditure Property on which Grantee intends to commence production, (ii) all factual data relating to the Property and Area of Interest not previously provided to Grantor, and (iii) a detailed summary of all Expenditures made by Grantee through the date of completion of the Positive Feasibility Study.

• If Newmont has not previously elected the Venture Option, Newmont may, at any time within 60 days after AuEx completes and delivers to Newmont a Positive Feasibility Study under Section 5 above, elect the Venture Option by notifying AuEx in writing of such election.

• Upon electing to earn an additional 19% interest in the Property in accordance with Section 1.1(d) above, Piedmont shall provide funding to complete a Positive Feasibility Study with respect to the Property.

More Definitions of Positive Feasibility Study

Positive Feasibility Study has the meaning given to such term in section 9.14(2);

Positive Feasibility Study means a Feasibility Study that Metalline in its sole discretion accepts for the purpose of proceeding with Development.

Positive Feasibility Study means an independent engineering report which has been generated at the direction of Township and which determines that the construction of a commercial project for production of Crude Bitumen, whether in situ or mining, from one or more of the Acquired Lands is economic.

Positive Feasibility Study. (also known as a “bankable feasibility study”) means a detailed report prepared or verified by an independent firm of consultants demonstrating the feasibility of placing the Property into commercial production. This study shall be in such form and include such details as is customarily required by institutional lenders of major financing for mining projects.

Positive Feasibility Study means a detailed report recommending the development of a mine, or the drilling of production ▇▇▇▇▇ in the case of liquid or gaseous hydrocarbons, within the Property, for being economically viable and profitable to exploit the relevant deposit or deposits according to the parameters established in such study, contemplating the maximum prospective development and operation as is reasonable and economically viable according to the data available at the time such study is prepared. The study shall be of the quality and content that is generally required to produce a bankable feasibility study for lending institutions in the United States or Canada, with the purpose of determining the convenience of providing funding for the project, and at least include the following information: