As I don’t hold any HIO I don't like to comment on their plans, agreements etc, however I do keep an eye out as they are possibly the closest company that is “reasonably“similar to us. Yes there’s some differences (some large about $1.4B) but more like oranges to mandarins than oranges to apples! Lol
Your last paragraph about pumping the ore as slurry was one thing that struck out in my mind as something that was tried with us last time and honestly believe was a factor in it falling over. Like you said it’s a really dry area to operate (which has its positives as well) and while they are in NSW the N/W of NSW isn’t any better than where we are.
The fact that we have dropped that side of it and now require a significantly less amount of water is I think a huge benefit.
I’m pretty happy waiting until Mar/April for any news because that just means more time to top up at the current price.
I for one have full confidence in our team to get the job done hence the reason I have invested in this company.
MGT Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
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