Hermosa Monster got a pat on the back from Uncle Sam! US$166 Million for the High purity manganese.
https://www.reuters.com/business/energy/us-award-3-billion-25-projects-battery-manufacturing-sector-2024-09-20/
Taking FID on Taylor was a good move - Analysts didn't quite understand the rationale of shared capital (sunk) and also questioned the Zinc price assumptions. Zinc is now sitting at close to 3,000. Manganese project got all sorts of support form US Government - It will have most of capex already sunk and will give out a really good IRR. And than we have the copper at Peake.
Hermosa is a really good asset and strategically located in US.
Hermosa the monster, page-95
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