In about 2 more weeks when the LDA shares are done and dusted, I expect sp will shoot up to 45c easily as we have seen with Regal Funds exhausting its share selling of more than 140mil shares before, then 1 month later when the resource update with full & complete data set based on the whole set of 67 drillhole samples is released with more than 500mil tons resource with more than 300mil tons in Indicated/Measured category, then the JV deal kicks in with POSCO as most likely candidate as they are simply waiting for the final resource to fall in the 400mil bracket (300mil Indicated/Measured category + 40% of Inferred quantity), then we will see the obvious thing: ALL DOWNRAMPERS AND SELF-THOUGHT EXPERTS WHO THINK THEY ARE SMARTER THAN HIGHLY REGARDED ENGINEERING CONSULTANTS WHO HAVE BEEN IN THIS MINING CONSULTANCY BUSINESS FOR MANY DECADES AND CURRENTLY ENGAGED BY HIO TO CONDUCT VARIOUS HIGHLY TECHNICAL STUDIES ON VARIOUS ASPECTS OF THE PROJECT, quietly disappear and shut up.
The company were conducting both options of 10mtpa and 20mtpa studies but decided to now go with 20mtpa option only, due to "preliminary compelling economics of 20mtpa option". Do you dowmrampers seriously think you are smarter than these specialists hired by HIO to conduct those studies? Do you think you know better than Bryan and his team who have worked for many mining companies for many decades? Do you seriously think Bryan team is so stupid to drop the 10mtpa and throw extra $12.5mil into the new BFS of 20mtpa for no reason?
Do you have as much inside knowledge and data as the management team in deciding what the best route going forward for the Hawsons project?
SO, STOP IT DELUSIONAL EXPERTS. Let the real experts do their jobs. Let those specialists do the work and wait for the result, the BFS.
HIO Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
