Avoiding Pitfalls in Feasibility Studies

This paper is a brief discussion of some common mistakes made in the preparation of feasibility studies in the phosphate industry. The main emphasis will be on grassroots projects, which start with an ore deposit. The topics will include:
• Inadequate Prospect Data
• Insufficient Test Work
• Improper Sample Handling
• Unrealistic Project Schedule
• Understating Infrastructure Requirements
• Estimating Errors
• Overly Optimistic Economics
• Essential Elements in a Well-Run Project