HIO

0.00%

2.1¢ hawsons iron ltd

"Hawsons" a green steel devolper in making, page-9

First 9 Last

Share
Profile

Follow
Hawarani

3,983 Posts.

275

23/08/21

11:13

Post #: 55493132
Share

Originally posted by Johnyb888 ↑

Hi Negi

Although the effort is appreciated I do believe there are a few mistakes and false assumptions in your post.

I think you are right that Chinese steel production curbs are not the only factor, with the Covud delta being a major one as well, it is a big factor. It is exactly because steel production has been so high (well above what the CCP approved) that there is now the prospect of a big cut in steel production. This has only been recently confirmed by China and clamp downs have also started recently and are weighing heavily on the IO price. The question remains whether they will be able to maintain these production cuts if or when steel prices go up.

It's a good thing Hawsons will have most off take partners outside of China for sure, but I think its important to understand that IO is a commodity so the price is based on supply and demand with most of the demand coming from China. So China will still have a big impact on the IO produced even if it doesn't go there.

The PFS was done using a IO price in the mid 60's ($63usd) from memory so not $85 and the current price is about $140 usd. So still more then double of the PFS. Also they assumed a grade gap price difference of $25 usd between 62 and 70%. Currently it's around $10 per percentage point so it would about $80USD (70% IO might trade around $220 USD at current prices) so there is plenty of buffer.

I am not sure where you $200M from Mitsui from but I believe it was around 5 to 6M towards the BFS and about 60 to 80M towards building the mine. This was also based on an off take of 2Mtpa being 20% of production so I don't believe it's realistic to get full funding through off take partners (would be nice though!)

I fully agree demand for the high grade IO will only go up. If they can make some into pellets that would be even better.

Expand

Well it aint doing anything for the share price right now..

HIO Price at posting: 9.7¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

WGX

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GRX

GreenX picks up prospective copper project in Germany

There are more pages in this discussion • 506 more messages in this thread...

First 9 Last

Add HIO (ASX) to my watchlist

(20min delay)
Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $21.34M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.0¢	$12.50K	595.7K

Buyers (Bids)

No.	Vol.	Price($)
12	1640000	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	160137	1

View Market Depth

No.	Vol.	Price($)
11	1440000	0.020
5	2397815	0.019
3	270000	0.018
3	1117704	0.017
1	288888	0.016

Price($)	Vol.	No.
0.021	160137	1
0.022	285648	4
0.023	503721	4
0.024	399999	1
0.025	307439	4

Last trade - 15.40pm 02/08/2024 (20 minute delay)

HIO (ASX) Chart

"Hawsons" a green steel devolper in making, page-9

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

"Hawsons" a green steel devolper in making, page-9

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News