ABSOLUTELY COMPELLING ECONOMICS, page-652

Give it a rest for a day mate, management have clearly said they are holding binding offtakes until after the BFS. Significant interest was shown as CAP, nearly 5 years ago, for MOU's for a total of 12mtpa - is your suggestion that there is a lower demand for high grade low impurity ore than there was 5 years ago? That would be an interesting one, considering the proportion of high grade ore that comes out of Russia/Ukraine which no doubt mills are looking to at least partially diversify away from. That's just looking at existing high grade smelting capacity, let alone addressing the supply gap for future demand capacity.

Similarly with a JV, management have always stated that thisis a consideration for after the BFS, to maximise negotiating position. The MOU with Finder's Ports has only just been signed and there appears to be significant work behind the scenes to formalise that proposal right now.

Honestly, I see big hurdles ahead for HIO, but this tripe you keep spouting just rings so dishonestly I don't even know why people bother replying - guess I couldn't help myself this afternoon but should go back to taking my own advice.