this is looking more like another Gindalbie Metals. The company did all the work and the directors sold most of the shares to fund the project. In the end the Chinese took over the mine as they owned most of the shares, and left the shareholders with nothing.
This is a 394 klm trip to port, trucking the material until you have a cash flow in my view is a better way to go, and we would not have as many shares sold to fund the expansion
HIO has potential to be one of the best investments on the ASX from here. But How?, page-85
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