Could HIO look for a JV and offer them 10mtpa LOM rather than 50%?
assuming we expand to 40mtpa at some point, that would leave us with 75% of the value. If this supergrade is as rare as we are told, surely a JV partner who wants to lock in 10mtpa would still front the costs (given that their 10mtpa will be locked in at cost price for the life of the mine).
if HIO is the prettiest girl at the ball, can’t they demand the best suitor?
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