Thanks all for the comments. I appreciate it.
Sorry Chappy, I should have just googled it myself, but thanks for the links. The article in the first link summarizes what I was looking for confirmation on.
Often the term “bankable” proceeds the
term feasibility study. Adding this term
simply means that the level of effort that
has been incorporated into the study is
sufficient for outside financing, provided the
project is feasible. Typically “bankable”
means an overall accuracy level of +/- 15
percent on the feasibility study.
So within a realistic contingency amount.
The Dec. 7 states that the 2011 drilling will not be incorporated into the BFS.
The 2011 drilling program expanded the paramount zone quite a bit so why would they not want to incorporate it?
To me that says that we will have a Bankable FS as TCK is satisfied with the amount of proven resource up to 2010.