HIO 0.00% 2.7¢ hawsons iron ltd

Ann: Mineral Resource Estimate Update, page-19

  1. 6,466 Posts.
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    I agree, we have what we need for the BFS and more drilling will be done in next 12 months.
    480mt x $50/t profit gives you $24B just to put some numbers out there, US$.
    I don't think they should be spending too much on drilling if we have enough for the BFS and the banks to fund the mine construction. We need to get the BFS done, funding, construction and be ready for the next IO cycle or $200/t .
 
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