HIO 0.00% 2.8¢ hawsons iron ltd

BFS raise amount

  1. 48 Posts.
    lightbulb Created with Sketch. 36
    I am curious as to how much more capital, shareholders (or non-holders) think will be required to complete the BFS. Specifically the quantum of the next capital raise.

    I have a number in mind but I don't want to influence the thinking of others. Just on the back of an envelope I would say funds are needed for:
    - further drilling to confirm the resource
    - demonstration plant run
    - pit optimization and plant size design for a smaller operation (at least initially)
    - pipeline design and required facilities etc at Broken Hill
    - rail to port option and back to transhipping by barge?

    What size mine will the revised BFS aim for? I would suggest 5-8 Mtpa given the reduced capex expectations and the (suspected) limitations around rail availability.

    Thoughts?
 
watchlist Created with Sketch. Add HIO (ASX) to my watchlist
(20min delay)
Last
2.8¢
Change
0.000(0.00%)
Mkt cap ! $28.24M
Open High Low Value Volume
2.8¢ 2.8¢ 2.6¢ $102.6K 3.825M

Buyers (Bids)

No. Vol. Price($)
3 375951 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 1120719 4
View Market Depth
Last trade - 15.53pm 04/07/2024 (20 minute delay) ?
HIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.