Price and Chart HIO, page-40

@Bluegumnuts the charts seems to indicate that it may be bottoming but nevertheless looks like a bearish flag or at best a triangle. price range has been tight lately which is good. FA has the NPV at $8-10B recently when IOP was sky high before reality hit. I always believe the market is always right at any point of time, there's a reason why HIO was never valued anywhere near its NPV.

our magnetite ore resource here is a bit unique, soft body but low concentration. apparently it can be beneficiated to 70% grade. it's a bit of a unchartered territory in Australia.