No doubt the Yilgarn is a very exciting area!
Announement coming up may show a SHALLOW deposit at Mt Bevan IO project and the HIGH quailty of the Iron ore to be had.
To realise the potential upside of Mt Bevan it would need group support of other miners in the Yilgarn, so this may be very probable. My view is Haw should IPO (spin out) the Mt Bevan Iron Ore project to find fundraising and realise potential upside on a project by project basis unlock some value for their loyal shareholders and get on with their exciting Gold projects. It's still hard to understand why they are still on .8 of a cent! The Hawob 10 cent exer options seem really good value at .3 as the exp date 02/2013 still has over 3 yrs to run.
I feel the huge Mt Bevan deposit is only a small part of Hawthorns overall potential.
Does anyone have any views on this?
ipo mt bevan!
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