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2.7¢ hawsons iron ltd

I agree here. I find it amusing that they continue to stick to...

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Jdmoney

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29/07/22

18:06

Post #: 62818801
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Originally posted by myleogb: ↑

Hmm... Hawsons 20mtpa may cost $8-10b with no economies of scale

The PFS estimates 10mtpa to be around $1.4b back in 2017, but doubling of output may cause cost blowout of up to 700% according to our HC in-house experts.

So a similar mine MGT nearby of 3mtpa may cost at least 8*3/20 = $1.2b and possibly up to $1.5b by the same logic
Alternately, PFS experts estimate it to be around $600m.

So do we believe the experts who crunched the numbers for the PFS or not?

Regards

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I agree here. I find it amusing that they continue to stick to their Capex estimate whilst believing a cost blowout of such a significant amount for hawsons.

With that said, a poor engineer PFS will affect the Capex cost when the DFS costings come around. Another miner increased their Capex 70% from PFS to DFS In a span of 18 months.

hawsons had 1.4? Billion US in 2017 for their Capex for 10mtpa mine. I do agree with martyac that 3b AU for a 20mtpa mine is substantially optimistic...

HIO Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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