You lot all sprout as if the BFS is a foregone conclusion and positive for development at that. It is not a foregone positive conclusion at all - even if the golden eagle flies overhead and dumps.
We have already had one total fail at a BFS - it was heading to say this show is unequivocally NOT economic, and it was stopped so holders could be milked for more moola...that continues to happen. Delay is the enemy for with it comes rising costs. Green steel may be rising but so is everything, and we do not have anything to sell this decade plus.
You surely have to appreciate that this next BFS could say many adverse (no go) things such as: A) Not Economic B) No environmental approval C) Marginally economic but not fundable
BFS means what it means - a study to prove this project is Bankableand Feasible (can be done within the relevant legislation) - that is the B and the F ... or where we are going and what we are getting from our leaders - B.S. for short.
I do note that we were promised an Executive Summary of a detailed info pack (by last September actually) but did not get it. What we got could not meet any E.S. standard.
I do understand though the angst of holders in over their heads with little option but at pump every opportunity with exaggerated optimism.
HIO Price at posting:
4.2¢ Sentiment: None Disclosure: Held
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