I am curious as to how much more capital, shareholders (or non-holders) think will be required to complete the BFS. Specifically the quantum of the next capital raise.
I have a number in mind but I don't want to influence the thinking of others. Just on the back of an envelope I would say funds are needed for: - further drilling to confirm the resource - demonstration plant run - pit optimization and plant size design for a smaller operation (at least initially) - pipeline design and required facilities etc at Broken Hill - rail to port option and back to transhipping by barge?
What size mine will the revised BFS aim for? I would suggest 5-8 Mtpa given the reduced capex expectations and the (suspected) limitations around rail availability.
Thoughts?
HIO Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
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