Akora (AKO) VS Hawsons (HIO), page-14

Personally I think it is misleading to use a PFS that was created in 2017 and state it will have any sort of relevance to today.

A lot has changed, inflation is through the roof and the market is more competitive with companies spending big as they vie for human resources.

They estimated $1.4B USD in 2017, I think it will be closer to double that.

It is also interesting to note that the PFS does not have the slurry pipeline to the dedicated port, it only has the slurry pipeline to the rail hub in Broken Hill (about 60kms).

I can't see the slurry pipeline and port costing less than $500m, but it could cost significantly more.

HIO are also saying they want to use "green energy", and whilst the company will likely want to build their own solar farm for part or all of it, I don't think this would have been included in the 2017 PFS as the carbon neutrality of the operation wasn't such a large consideration from an ESG perspective.

I am happy with my AKO investment, and I am impatient to see what is next.