Price and Chart HIO, page-54

Hi Mas

Thanks for that. I will have a look into that. To be honest if they get producing and start making the big $$ there really isn't a shortage of magnetite projects in Australia to potentially buy.

I know for instance Havila have a 4 billion ton magnetite resource (450 Mt proven but its about 4billion ton all up) in SA as well, and I don't think it has been explored or researched very well so should be cheap in this early stage. The main issue for HIO will that it might be next to impossible to find a similar deposit like Hawson....

Luckily Hawson is huge with probable around the 1billion ton worth of concentrate (could be a bit less but could also be higher) so they have plenty of room to increase production here and save up some serious $$ for when a good opportunity arrives.