Point (i) 12%, is using 25,000 tpd
Point (ii) 8%, is using 50,000 tpd
Our Feasibility is using 130,000 tpd. The cost are way diferent. We are a;ready positive under (ii) and using 25,000 tpd (12%) we would also be positive since the cost would be much less.
As for the 30 days, Cathy doesn't know anything about it, she says it's included in the 120 days.
If the report is positive under §5.5(b)(i), Teck Cominco may give notice to Salazar, within 30 days of receipt of the Feasibility Notice at which production rate the report shall be considered a Positive Bankable Feasibility Study so long as the project selected has a positive NPV.
If the report is positive under §5.5(b)(i) but is not positive under §5.5(b)(ii), the report shall be considered to be a Positive Bankable Feasibility Study based on the size of project studied under §5.5(b)(i).
If the report is positive under §5.5(b)(ii) but not under §5.5(b)(i), Teck Cominco may nevertheless elect, in its sole discretion, to deem the report to be a Positive
Bankable Feasibility Study. If Teck Cominco does not give any notice as aforesaid, then any report that satisfies §5.5(b)(ii) will be considered a Positive Bankable Feasibility Study.
