Agreed. Results are good but need to translate into market appreciation. Or else they should get a garden patch in Mongolia for a coal project or something. That will get the punters on HC (hearts and all) running. At the moment there is zero interest in the stock. In other speculative stocks, the daytraders would mark this up at least 20%, even if for a day.
Further assessments on the capital costs for the processing plant and associated mining infrastructure are continuing but are anticipated to be within the range of $1b to $2.5b based on similar scale magnetite projects
It would be interesting to know what David's plans are going forward for the company. There is plenty of resource. What's next? Flog off the project, farm it out or sell it off completely.
AVZ Price at posting:
5.6¢ Sentiment: LT Buy Disclosure: Held
