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Mineral Resource Upgrade News, page-16

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Suwang

2,197 Posts.

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21/04/22

21:44

Post #: 60957050
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Originally posted by Next 10000: ↑

Thats interesting Mas. Probably just bar talk ...however not beyond the realms of possibilities. Maybe not the largest open cut, the super pit in Kalgoorlie is akin to the Grand Canyon. But what if they do have 800mt of 70%? Wow that's mind blowing. 20 years x 40mt x A$300 - $70 production and transport costs = massive operating profits spread over just a billion or so shares... you crunch the numbers

so maybe HIO is a gift that will just keep on giving. It's quite possible that this is not just bar talk if the resource is deeper and wider than previously tested. So we have gone from a 10 Mt production rate to 20mt with now the hint of 40 Mt. If the do indeed prove a resource capable of 40 Mt production, it would the equivalent of 200 Mt or more of 58% hematite as the operating profit per ton would be 5x larger. Even without it HIO's turnover propels it into the big league with revenue of around $6b on delivered costs of less than $1.5b. It's hard to see an end to the current exponential share price appreciation we are enjoying anytime soon, it's pretty much the same of when FMG finally took off

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I hope you are right but 40mt? Where is the facilities that can support this output? This will be 4x the original, any catchup plan? the cost, transportation etc.

HIO Price at posting: 58.0¢ Sentiment: Buy Disclosure: Held
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Mineral Resource Upgrade News, page-16

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Mineral Resource Upgrade News, page-16

Top Stories

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News