Looks like the very hard rock was a little much for the automatic miner but the deal they got to evaluate it was a good one at little cost to the business.
No doubt they were sending us a message . Still robust economics at current prices but the price trend is still down . Not a lot of capital required to start but if the price eases further will they need a small equity raise to get a loan of acceptable terms over the line ?
Maybe they will just slow things down a little . You only get to sell your resources once and medium and long term prices look very good even if the prices go lower before that .
Hope that prices stabilize or recover soon and they get on with the start up as soon as possible .
HGO Price at posting:
5.4¢ Sentiment: None Disclosure: Held
