Oh dear, early this year HIO were aiming at 10Mtpa and at modifying one of the iron triangle existing ports.
They changed their minds and went for now, 20Mtpa and a new greenfields port. I have posted the reasons I hold (from time to time) HIO - daytrades. Not a lot to do with finding it rosy at all. Current Long Term holders are the "rosy" mob - rose coloured glasses.
Do have a look at at today's "great announcement day" closing price.
Ann: Mineral Resource Upgrade, page-120
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