HRZ General Discussion, page-163

Not sure about the construction of our own mill next year , the cost at the beginning of last year was indicated at around $80 mil ,since then the cost is up 30-50% according to management , and will likely raise further into the year.
unless our SP increases substantially, financing130-150 mil would require excessive dilution of share base if SP stays in the region of 12-13 cents as it has for the last year, regardless of the great news we have had.

The best result i can see going forward is either a merger with a company with a mill or find a second hand mill to dismantle and relocate .
would be interested in any other ideas the group has ,and put forward for discussion .