ABSOLUTELY COMPELLING ECONOMICS, page-710

One issue I see is that HIO $$ figures are based of a PFS 5 + years ago. Those numbers would have increased substantially now. I'd assume 25% +. Also those figures increasing to 20MTPA are an unknown especially noting the water usage and distances to cover using the slurry pipeline. Again not sure why Management don't update shareholders on costings of expansion. Other companies seem to keep share holders in the loop.

I note HIO IRR @ 10MTPA is 29.9% (I can't find any IRR for 20MTPA, can someone direct me to this? Not sure why this isn't in the expansion announcement so shareholders are aware)
MGT IRR @ 5MTPA is 27%, 7MTPA is 33% - As per announcements

Going by these figures wouldn't MGT be the lower cost? Happy to be educated if I have got some numbers wrong.

And before MAS37 pops up or anyone with the "downramper" comments I have an equal dollar value invested in MGT,HIO,CIA and FMG (lets just say I like IO)