What Exactly Is a Bankable Feasibility Study – And Why It Matters for Investors
Most investors have heard the term “bankable feasibility study” – but fewer have seen one up close or understand why it’s such a big turning point for a project.
A bankable feasibility study (BFS) is the first time an independent, investment‑grade team puts the entire project under a microscope – technical, financial, market, and risk – and answers a simple question: is this project robust enough that serious capital will back it?
Unlike early scoping or preliminary studies, a BFS is built specifically so lenders, family offices, infrastructure funds, and strategic partners can rely on it in their own credit and investment committees. It pulls together detailed engineering, market analysis, operating and capital cost estimates, financial models (NPV, IRR, payback, sensitivities), and a clear risk register so investors can see not just the upside, but what happens when key assumptions move.
For equity investors – especially sophisticated retail and long‑term capital – this is where a story becomes a blueprint. A strong BFS can:
•De‑risk key unknowns around capex, opex, and margins.
•Show where the project really sits on the cost curve.
•Demonstrate bankability to project finance lenders and offtakers.
•Provide a common language for all stakeholders to evaluate the same numbers.
Stay tuned for more information about the pending BFS
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