It would be difficult to raise money on favourable terms in light of the current copper price.
I don’t claim any expertise in currency markets, but I would have thought that the fall in commodity prices, including copper, is largely attributable to a rising US dollar.
The irony of that is that the ‘strength’ of the US dollar is more of an illusion than it is real, given wildly excessive money printing in the US. The resulting economic disruption we are now experiencing internationally will, in my view, inevitably lead to a resumption of money printing in the US, and, in turn, a collapsing US dollar. That will be a boon for commodity prices. I would be happy for HGO to make its FID at that time.
HGO Price at posting:
5.0¢ Sentiment: None Disclosure: Held
