It is nice to see depth starting to grow. It seems to have...

It is nice to see depth starting to grow. It seems to have bottomed out and is slowly tracking upwards in price which is a different pattern to previous price pumps which were quick increases in a downward trajectory. I imagine it's eerily quiet on the HAS HC thread because we all know nothing much has actually meanginfully changed to give us this little sugar hit. Recent cash flow statement may be part of the positive sentiment, but it seems more based solely on recent $4b CM govvie stimmie news. If there's no material news before the AGM on the 21st I'm concerned we may find ourselves back below 70c again.

Taking a 5 year view is a great idea, I'd even extend that another 10 years beyond that, where (fingers and toes crossed) we're a mine to magnet company, having the time of our lives working along side NEO makin' magnets. The more I consider the 2 stage plan they've put in place, the better I feel too. It's shrewd financial management given what's gone on last 18months-2 years of inflation etc. They're aiming for 60% debt gearing and if they're selling 15000 tonnes of carbonate at current prices that's almost 200mil a year in revenue and approximately a 4 year pay off term for the debt. Along the way they could snag more govvie cash and also have lenders more amenable to funding stage 2 as there will be revenue and runs on the board.

A whole lot of what ifs and unknowns. Whatever the case, it's nice to feel at least 10% certain that maybe the bottom has almost been found. Almost!