HXG 11.1% 1.6¢ hexagon energy materials limited

Ann: Retraction of Scoping Study Announcement of 24 June 2014, page-14

  1. 811 Posts.
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    I think you're over-reaching. Retraction indicates that the inclusion of NPV based on inferred Resource and exploration target is the reason the study has been retracted.

    The point is that LMB announced economic metrics in a scoping study based on exploration targets. The exploration targets make up ~90% of the scoping study inventory, which no matter which way you cut it, is just plain ridiculous.

    VTEM was not done when study was released, so you're clutching at straws to suggest that the VTEM results supports the scoping study.

    Still worth watching and potential investment IMO, but would like to see geological and project development representation at board level.
 
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