At a 10/12mtpa size, more drilling isn't needed to expand the resource. There may be some infill for more definition of the chosen boxcut location, but this would come post-BFS. Further definition drilling would generally become an opex expense advancing detailed drilling around the pit shell as it expands once operational.
Other drilling will be required for geotech / soil testing where the plant & infrastructure is to be located, and probably along the haulage corridor to Broken Hill for road upgrades.
They "should" have enough detail to produce the BFS - so the costs will be largely consultant related. The trial plant data is already published so redoing that isn't necessary for BFS.
Pit optimisation will be a function of changing the settings in the pit optimiser software (I'm assuming Whittle or similar). The model will be already in place for the 20mtpa option - just rescale, hit a button and carry on. Yes- it's pretty much that simple. Trained monkeys can do some of this stuff.
If they can't get from where they are to bankable (not talking FID) for less than $3-4m (hopefully inside current cash on hand) then either the consultants are having a laugh or the management team doesn't have its eye on the ball.
- Forums
- ASX - By Stock
- HIO
- BFS raise amount
BFS raise amount, page-2
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HIO (ASX) to my watchlist
|
|||||
Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $25.41M |
Open | High | Low | Value | Volume |
2.3¢ | 2.5¢ | 2.2¢ | $44.24K | 1.861M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 520000 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 264217 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 520000 | 0.022 |
9 | 1363175 | 0.021 |
8 | 889667 | 0.020 |
10 | 2818522 | 0.019 |
3 | 250053 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 264217 | 1 |
0.025 | 169912 | 5 |
0.026 | 250000 | 2 |
0.027 | 321000 | 4 |
0.028 | 38230 | 2 |
Last trade - 14.15pm 29/08/2024 (20 minute delay) ? |
Featured News
HIO (ASX) Chart |