HRR 0.00% 4.5¢ heron resources limited

not good news for heron holders, page-18

  1. 926 Posts.
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    Hotfire
    the penny drops when the Pre-feasibility study is completed and that is what has happened. Do you think these things are calculated on the back of an paper knapkin? This will be a $700 million dollar project! Do you honestly believe that the management (that you obviously have no idea about) would proceed on such a major project without ensuring proper due diligence and feasibilty? After Pre-feasibility comes the full feasibility study and this will take about a year in itself. The KNP is in pre-fease and Feasibility will cost about $200million before committing to $2bn for the project costs.
    Jump Up will produce 10,000 tpa which is equivalent to around US$300,000,000 per annum revenue. The KNP revenue will be about US$1.5Bn per annum and both are 20 year minumum life
    We are not in the sandpit here.
    Heron has a larger nickel footprint in WA than BHP , Norilsk, CVRD or anyone else. Heron is the battle ground where the nickel turf war is beginning to develop.
    Rockford
 
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