Ann: Port Gregory Maiden JORC Mineral Resource Exceeds Target, page-179

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Cookiemycat

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29/08/22

13:45

Post #: 63383571
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Originally posted by WoodySpoon: ↑

No it's really not like lithium. Because the price of garnet is $350 a ton (?) - so transport to market is a much bigger factor than lithium which was barely worthwhile doing in WA at $450 a ton a few years back (though obviously higher processing costs), but of course is now $4000 a ton.
It's obviously going to be more profitable to produce garnet near to end users... So if GMA don't think it worth expanding local production...why is it according to HVY?

Again ad-hominems aren't that helpful. And don't really help potential buyers, who are the ones that will push up the SP of the shares you hold. Rational argument is quite helpful though. If you have any by all means....but if not..., it just leads people to think the holders aren't that intelligent, have no investment thesis, or are just pumping the SP with no real basis - and that puts people off.

So if you've got nothing you're probably best saying nothing.

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regarding who will prop up the price. Those people who will read RDG SS to make up their mind and do some thorough search that there is high demand and low supply. India is second latgest producer and there are protests going on in India to stop mining beach mineral sand. So there is more constraint kn the supply. Also, please see the number of substantial holder news from hvy since listing. Definitely there are buyers. Who do you think bought all the Share and why sell side is so thin? Are you going to challenge the NPV in PEA coz GMA couldn’t meet their exploration requirements?? PS RDG bought lucky bay mine for 22mil without SS AND PEA. That itself makes HVY so undervalued.

HVY Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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