Meta is right. The term bankable is defined in the agreement. It's not arbitrary.. It's not about actually going to court - it's that if we did, we'd win and they'd ruin their name - so why bother?

Below is what defines it (as well as the rest of section 5.5(b)(ii) which we've gone over in the past. As far as I can tell, we've done all this - so how can it be rejected...

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The report shall contain all geological, engineering, operating, economic and other relevant factors which are to be considered in sufñcient detail that the report could reasonably serve as the basis for a decision by an independent commercial fmancial institution to finance the development of the Property for commercial production. The report shall examine' the following matters: ore reserves; mining methods; metallurgy and processing (including metal recovery); environment, tailings and waste disposal; capital and operating cost estimates; manpower, social and community affairs; transportation methods and costs; marketing; project financing alternatives; a sensitivity analysis; such other matters as are appropriate. The report shall include at least the following information:

(c) a description of that part of the Property to be covered by the proposed mine;
(d) the estimated recoverable reserves of minerals and the estimated composition and content thereof;
(e) the proposed procedure for development, mining and production;
(i) results of ore amenabilìty tests;
(g) the nature and extent of the facilities proposed to be acquired which may include mill facilities, if the size, extent and location of the ore body makes such mill facilities feasible, in which event the study shall also include a preliminary design for such mill;
(h) the .total costs, including capital budget, which are reasonably required to purchase, construct and install all structures, machinery and equipment required for the proposed mine, including a schedule of timing of such requirements;
(i) all environmental impact studies and costs;
(j) the pen'od which it is proposed the Property shaçll be brought to commercial production;
(k) such other data and information as are reasonably necessary to substantiate the existence of an ore deposit of suñicient size and gïade to justify development of a mine, taking into account all relevant business, tax and other economic considerations; and working capital requirements for the initial four months of operation of the Property as a mine or such longer period as may be reasonably justifed in the circumstances.

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