HIO 3.70% 2.8¢ hawsons iron ltd

Absolutely love it. 15 years of engineering and still working on...

  1. 679 Posts.
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    Absolutely love it. 15 years of engineering and still working on it! Does anyone see a problem?
    And 40m down is the shallow stuff. Does anyone besides @next2us see a problem?
    Infrastructure to do this will come from burning cash. Good thing the govt is working on getting rid of cash - that should fix our cash burn problem.
    I think the true believers in this project (LTH) need to visit the zone (yes I have, very familiar with it) to get an appreciation of distance from civilisation (horizontally and vertically)
    Total waste of good time to argue that 7%DTR is "do-able" when you do not factor in the logistics to be able to process the 7%.
    I will stay with the 20%DTR needed to make a few dollars. I am not a benevolent believer in saving the planet by mining green steel ore at a loss. The word profit still features strongly in my focus.
    By the way, what mine model are we up to these days - v7?


 
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