Ann: Magnetite Mines Secures Muster Dam Tenement, page-36

Time will tell all.

Franc literally works in iron ore, so he has some idea.
Martyac too.

We'll see.

And look, as of right now, we both have vulnerabilities. MGT has more under its belt in regards to resource and infrastructure.. arguably its management and team, too.

HIO has 70% supergrade.. but we also had that confirmed today. With a bigger resource, mind you.

HIO has major project status, absolutely, but let me tell you something... selling the dream, is a lot different than following through the dream.

There's a reason Franc is harping on about the pipe. That's a massive expenditure. The potential for blow out is high. And we're not just saying that.

I know, I know.... no one wants to hear it. MGT sucks, we're a bunch of dinosaurs, etc, etc...

But that's the thing.
you've got a company as large as FMG, who just entirely screwed up their mag operation re costs... and that was without a fat interstate pipe. They're lucky, because they've got the bank account to cover it.

If HIO screws up, that's it. It's done.
All over.

We can't deny the profit happening in HIO at the moment. Even having dropped by half, they've bagged in the past few months alone.

But I guess that's the difference between trading and investing. You're doing a long term risk analysis with investing (at least, that's the idea).
It just so happens there's a lot of us that won't touch HIO. And look, I think we've gone over why.

Having said all this, they told Twiggy that fortescue couldn't be done. So, who the heck knows.. stranger things have happened.

here's to both/