Lets hope Johntie, we are the front line and will hold our scrip til we see the colour of their money and our knees surely wont buckle for less than a buck.
I'm wondering though, say they came through the front door and offered to finance and whole development to earn 50% and the right to sell all the ore? If the output was upped to 20 MT, we HIO shareholders could still enjoy ~50X and be free carried it would be hard to resist, no?
The offer co would still make an outstanding return on investment and make sense given the NPV for the new partner and they would effectively gain control.
Iron Awe - how and why HIO could 100X, page-8
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