Agreed Gardengirl, I can’t add to much more than what has already been added. 10mtpa should have been running as a back up plan the whole time so an easy pivot could have been managed if they were so set on 20mtpa. Why extra funds weren’t raised when the price was on its way to $1 to accomodate Starlight and increased scope is beyond me.
The Ukraine crisis existed then, so that should not be put up as an excuse. If anything it’s added to the macro case with 23% of high grade supply coming out of Ukraine.
However that aside my biggest concern is the Pilot Plant. That was promised mid year, I rang Bryan and asked about this missed date, and I was told it was very close to getting allignment from the Engineers. What I want to know and what Sache spoke about is the viability of this and all the tailings. My understanding is an astronomical amount of product needs to be moved to come up with the final Ore. Sign of on this and also environmental approvals are critical for me.
I’m not going to the AGM but I’d love this to be raised by someone? That would be most appreciated.
HIO Price at posting:
11.3¢ Sentiment: None Disclosure: Held
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