Common use of FEASIBILITY REPORT Clause in Contracts

FEASIBILITY REPORT. 5.1. A Feasibility Report shall only be prepared with the approval of Sunburst de Mexico. The Operator shall provide copies of the completed Feasibility Report to Sunburst de Mexico forthwith upon receipt, together with copies of all of the latest technical data and information generated or received by the Operator from the immediately preceding Program and not contained in the Feasibility Report. 5.2. Notwithstanding the provisions of paragraph 5.1., if Sunburst de Mexico is of the view that a Feasibility Report should be prepared, Sunburst de Mexico shall give notice thereafter to the Operator and the Operator shall prepare the Feasibility Report. 5.3. Sunburst de Mexico and the Operator shall meet at reasonable intervals and times to review the Feasibility Report and discuss whether the establishing and bringing of a Mine into commercial production in conformity, with the Feasibility Report is feasible or desirable.