Maas, I disagree. I think it is all about Capex. I agree the mine will be profitable through all parts of the IO pricing cycle.
The only (well main) reason the mine is not being built at present is the escalation in Capex for all the reasons we have heard about since Oct last year.
The way I see it the company is worth not much (like now) because the market does not think it will get to production or worth billions because the market believes it will. As soon there is confidence that it will get to production the price goes to >20%NPV.
There are lots of little things that will be seen as a positive and might provide positive movement on the share price but its not until we get a major player involved that the market will actually believe it will go ahead.
I believe this will happen and that is why I have been holding for a few years and just have to be patient and let time do its thing.
HIO Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)