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08:41
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Originally posted by Realinvestor1:
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Boy oh boy! we all have seen your posts and the article to back up your view. People need to have some common sense or a minimum knowledge of the sector they are looking to invest or are invested. Your comparison of Sino Iron and HIO was a little naïve. Sino iron or any other magnetite deposits in WA are completely different to the Braemar iron formation (Hawsons is part of Braemar formation). WA deposits are hard rock (BIF) magnetite while Braemar region host rocks are soft siltstone. You can literally crush with your hand. Hence Hawsons has been reported as best undeveloped iron ore project in the world. The mining cost (crushing, grinding, magnetic separation) is a lot less energy intensive compared to BIF (e.g. Sino Iron). Which also means it take a lot less time to produce final concentrate. When you said Sino Iron project took 7 years more than originally planned and saying Hawons will take the same time just doesn't make sense.
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also, just to add do you know the ongoing fees citic pay to Clive? It’s in the order of about $100M PER QUARTER! https://www.copyright link/companies/mining/palmer-loses-us200m-court-case-wins-on-us400m-a-year-in-royalties-20200214-p540ux
