Feasibility Study. Means a detailed study or report showing that the placing the Property or part thereof into Commercial Production is feasible and including at least: i. a description of that part of the Property to be covered by the proposed mine,
... ii. the estimated recoverable reserves of minerals and the estimated composition and content thereof, iii. the proposed procedure for development, mining and production, iv. the results of ore amenability tests (if any), v. the nature and extent of the facilities proposed to be acquired, including a preliminary design for the mill facilities if the size, extent and location of the ore body makes such mill facilities feasible, vi. the total costs, including capital budget, reasonably required to purchase, construct and install all structures, machinery and equipment required for the proposed mine and a schedule indicating the times at which such moneys will be required, including in particular the operating capital requirements for the first four months of operation, vii. all environmental impact studies and the costs thereof, viii. the period in which it is proposed the Property will be brought into Commercial Production, and ix. such other data and information as are reasonably necessary to substantiate the existence of an ore deposit of sufficient size and grade to justify development of a mine, taking into account all relevant business, tax and other considerations;
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