Fully agree with you. It seems to me only a JV partner can revive HIO. For reference, although a gold mine, BEZ with 3 Million OZ with potential to 9 M OZ fall from $0.2 to 0.05 but with an advanced US$300 M (for advanced offtake) deal, it past back to its all time high. We need that and an efficient management along with CITY should be able to do that. Also, agree that Regal is a big obstacle from 7.5 C onwards. Another iron ore company, AHN is just standstill just for recent fund raise.
HIO has potential to be one of the best investments on the ASX from here. But How?, page-5
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