Rode my bike past about 35 "friendly" police officers outside the ICC in Darling Harbour, Sydney this morning.
Did a small bit of digging (pardon the pun) and discovered (ha) that there is a "Mines and Money" IMARC event today. A whole lot of small cap mining companies getting together to spruik their ventures.
Info has been taken off the ICC's website and it appears as though a bunch of protestors were planning some sort of action. Tis a bit windy today so they might try again later in the week I suppose.
If, as with myself, you were wondering what the stages of proof are for a mine, this small post may help.
Usually four stages of proof are undertaken which represent the general levels of certainty reached. Certainty increases, and risk decreases, as you progress through the stages.
And for a more detailed dig see:
Your guide to mining feasibility studies
The Retail Inverstor’s guide to all things Pre-Feasibility Study
And for a living example for a mine that has been taken through to the BFS stage, have a look at this brief article from Magnis Energy.
Okay, another thing that just came to mind.
How are mines typically funded?
Are they usually funded through a bonds issue, or more commonly through a share issue, which obviously dilutes shareholders. What kind premium to the share price are these typically offered on?
Does this process also usually happen for the drilling required to turn an ore body from a few good drill results to an inferred and probable resource?