Negatives:
- Capex of USD 1.4 Billion to bring Hawsons to production is steep for a minnow
- Profit at only $40/t (PFS) USD$400,000,000/year - today it would be USD$600mil- Only 34% of shares held by top 20, only 2 substantial holders – lack of cornerstone / institutional investors
- I'm sure the board is working on this - we need strong investor to pull others in.- I would guess that at the current rate of spending, they will need to raise capital again in the next half year - not a tempting prospect at current share price
- Chart looks so ugly not even its mother could love it -
Positives:
- Tiny market cap for a project like this, massive upside if it's a go - Absolutelly, massive upside.
- Outstanding high-grade deposit - Yes, find me another project that produces 69.9%Fe
- Product should be in high demand once mine is in production - Correct, easy to sell even on Sunday
- 20 year mine life (possibly 30y or more)
- Good location not too far from infrastructure, which is a biggie for an iron ore deposit
- Great team - Totally agree and that's why I'm in.
- Manageable number of shares on issue
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- CAP
- Desperate need of good news
Desperate need of good news, page-7
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