Resource upgrade is only a few weeks away. I am absolutely confident it will be a very nice number.
The fact that management is looking at an option of annual production of 20mil tons concentrate is telling us the resource upgrade will be very significant. They would not look at this doubling of annual production target if they don't have a significant higher resource.
A slurry pipeline directly from mine to port to save potentially above $100mil EVERY YEAR and billions of dollars over the project's LOM from previous PFS transport mode is another compelling reason. My estimate is this slurry pipeline will bring down all-in-cost from USD $61/ton to $51/ton, making Hawsons's economics even more compelling. Managing also highlights the autonomy the project will gain from this slurry pipeline option. In other words, we dont have to rely on 3rd party to transport the concentrate for us. No worry with flood, storm, railway worker's strikes,...
Looking forwards to the imminent RESOURCE UPGRADE.
HIO Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
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