HIO 0.00% 2.4¢ hawsons iron ltd

Iron Awe - how and why HIO could 100X, page-195

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    Whole lot of MAJOR updates from around March:

    - Resource updates,

    - Pilot plant permit anyday now and construction,

    - Product sampling, testing for customers,

    - EIS (Environmental Impact Statement) submitted. This is the most important piece of work as Bryan stated in the ABC radio interview.

    - Technical geological data and water source update (very important to the project. They already identified a water supply source some distance away but it would be better if they find a closer alternative source).

    - Off-take agreement(s). I expect 1st off-take around this time, March-April. I believe this 1st off-take will drive sp through the range of 50c-70c within 3 months to give it a MC of around 12% of NPV. Then further off-takes and partnership, cornerstone investors, financing news will drive it past $1 (around 20% of its lower case of NPV) after the release of BFS and confirmation of around AUD $4bil NPV. Even though the latest KPS report estimated NPV of AUD $9.298Bil but I prefer to stay with my estimate to be conservative.

    In the meantime we may hear some updates about drilling and pilot plant permit approval very soon.


 
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