Just because you decided to sell doesn't mean you should come on HC to talk about nonsense about HIO.
The slurry pipeline reduces OPEX by approximately 60/70 percent, that is the reason why it is the preferred option, not to mention its ESG benefits, which is just icing on the cake.
The slurry pipeline is 394 KM and nowhere near the longest in the world (529 KM Brazil).
The port is being built by Flinders Ports a multibillion-dollar outfit who owns and operates existing SA ports, NOT HIO...!!!
In order for flinders ports to justify the expense of building the port, they will require multi-commodities of scale utilizing the ports and 20mtpa makes more sense than 10mtpa to justify the expense to build the port, not to mention HIO's current demand of some 60mtpa in LOI, justifying the need for at least a 20tmtpa operation as opposed to a 10mtpa operation...
All HIO and its preferred JV partner(s) need to do is raise the capital to build the mine, and that will trigger the obligation for Flinders Ports to finance and build the port as per binding agreement currently in place.
HIO Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
(20min delay)