S32 4.82% $3.70 south32 limited

Just thinking1) S32 wrote the value of Hermosa off to the tune...

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    Just thinking
    1) S32 wrote the value of Hermosa off to the tune of $1.8 billion

    2) according to their announcements they are supposed to finish feasibility study by CY 2023. Following which a final decision is expected in Q1 2024

    3) with yesterdays drop, or the past few days drop, is the market suggesting that the feasibility study is a “NO GO” - considering they have already written the project off

    4) or maybe the feasibility study is border line and the financing is too hard?

    thoughts?
 
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