HIO 1.85% 2.7¢ hawsons iron ltd

Ann: Bankable Feasibility Study Activity Slowed, page-270

  1. 5,881 Posts.
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    "Why did these guys deviate from the 5 mtpa plan?"

    Maybe that was unprofitable. But let's look at the question marks:
    • Flooding and access problems
    • Dubious drill sampling
    • No increase in resource (IIRC, there was also a reduction in cut-off grade?)
    • BFS "slowed" due to "inflation"
    • Still no pilot results (I haven't kept up, so maybe these results have been released?)
    If I were a financier, I wouldn't even trust the resource and mineability, let alone management.
 
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