Ann: Maiden Filling of Pond 1 Commences at Hombre Muerto West, page-31

It looks good on paper but let’s be real, they need to wait until they’re actually through ramp up and in production before they start trumpeting how low cost they are. Anyone who has followed a mining company through these stages knows what’s written in the DFS and what eventuates can be two quite different things. There an abundance of recent examples of this too.

Not saying the cost base will be double or anything, but it feels a little cringe carrying on about HMW being at a cost base superior to Sigma, Pilbara and Minres, when they haven’t even locked in funding yet, never mind completed construction, ramp up, nameplate etc

Talk about cart before the horse…