One of the details that i believe we may see in the Final Transaction Document is the role of the SA government. Will they support HIO (directly) or Flinders Port (indirectly) to get the Myponie Point port built up.
I suspect HIO and/or Flinders Port are currently negotiating with SA government for some financial support. In fact i did state before that the ann on 17th Oct could be designed to force the hands of the SA government into supporting Hawsons project in some form or format because Hawsons project is the only realistic large enough scale operation that can help the SA gov realising its ambition of opening up the Braemar corridor and achieving its dream of 50mil tons export by 2030.
Also, the final decision to go with what tonnage production has not been made yet, so the 2 parties need time to work out what scale of infrastructure and how much captial is involved for each option.
In fact I am not even 100% sure if the 20mtpa option has been completed dropped yet. Imagine HIO gets a major JV partner in with big pocket (RIO, POSCO, BHP,...) the JV partner may see compelling economics to keep pursuing the 20mtpa.
HIO Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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