How many on this forum actually read the H&SC Consultants...

How many on this forum actually read the H&SC Consultants report that was attached to the HIO announcement yesterday? And before someone says no and what about it?, I suggest you read it yourself.

All credit to HIO for full disclosure, however IMO the decision to release the updated Mineral Resource at this time was premature and a serious error of judgement.

For instance, from the H&SC report page 13 -

Atthe time of this report the data flagged as being unavailable for the HIOdrilling as supplied to H&SC is as follows:

• Gyro data was unavailable for 16 full holes and 3 part holes (default values were inserted to the database by H&SC)
• 11 holes have unavailable lithology logging
• 17 holes have unavailable DTR grades (supplemented by estimated values from downhole magnetic susceptibility)
• 34 holes have unavailable DTR concentrate analyses (supplemented by estimated values from DTR grades)
• 18 holes have unavailable downhole geophysics

Inaddition, see page 34 and 35 of the H&SC report under the heading Negativeaspects for the resource classification include….Most of thesecomments relate to incomplete / unavailable data and QAQC deficiencies and onface value appear quite concerning.

H&SCConsultants recommend that a full database audit is completed for both the2009/2010/2016 and 2021/2022 drilling campaigns, that validation of thecalibration of the downhole geophysics needs to be completed on a hole by holebasis and that a review of the sampling procedures is completed, whichshould include implementing improvements to the QAQC program.

IMOthe challenges documented above and in the H&SC report, should have been,where possible, addressed prior to the estimation of the updated MineralResource, even if that meant further delays.

Aside from the enthusiasm by retail investors as evident on this blog, what confidence does the H&SC Report give potential project financiers and sophisticated industry investors / partners in HIO?

DYOR AIMO