This raises the question as to what made them buy into Mt. Mulgine in the first place. They don't have the money to develop Big Hill (per the 2010 pre-feasibility study A$112M) so why purchase another project they don't have the money to develop? Isn't the Mt. Mulgine purchase sort of suggesting there might be something wrong with Big Hill?
In their PFS they stated: "The definitive feasibility study (DFS) is progressing and is expected to be completed during the second half of 2010. Pilot processing and operating cost optimisation is in progress." http://www.hazelwood.com.au/File/274/
Almost four years later still no results have been published, at least to my knowledge. So what has happened to the DFS?
HAZ Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
