Some good comments and observations made here @That Fundamental...

Some good comments and observations made here @That Fundamental Guy .

However, when comparing HAV and CAP, it's worth noting that the Grants project outcrops on top of a hill, whereas CAP has a lot of overburden that would be required to be removed (at least 60m or so). Also, another huge plus for HAV is the fact that the Grants project is located a convenient 8km away from the railway line that leads directly to Whyalla (and more importantly, Mr Guptas's processing facilities and port).

Mr Gupta is a smart investor / industrialist... there's no denying that fact. So, with his ever growing stake in the South Australian resources and energy sector, I dare say it's almost a given that he will be strongly considering HAV's Iron Ore projects. I assume that the lack of update could be due to the fact that the SIMEC team are still conducting their "due diligence", which has been running on schedule and to plan (according to HAV announcements).

Personally, I'm still bullish on the future partnership between HAV and Gupta/SIMEC.

My 2cents,
JDI