One of the best mining small cap management teams I have seen in a long time.
This is a HUGE project to get off the ground even to this stage we are at now, let alone to funding and production, I have absolute faith the Bryan and Co will do it!
This is going to be along the lines of what Twiggy did to get FMG up and running the Pilbara in it's early days, and long term when they are in production HIO will have every chance to get into a similar price category that FMG is in.
Don't forget the current shares on offer -
HIO - 741,052,950 FMG - 3,078,964,918
Even if we dilute and add 500M more shares to help with the capital raise (500M is A LOT!!) and this put us up to 1.24B shares on the books, HIO would still only have 40.30% of the shares that FMG do!
Market cap wise this is brilliant for our price potential with relatively few shares around for a company undertaking a project of this size, even when the capital raises are all done and full funding is achieved our final shares on issue will not be to excessive.
HIO Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
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