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4.55% 2.3¢ hawsons iron ltd

Unfathomable HIO, page-21

  1. harryy
    100 Posts.
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    21/04/23
    12:02
    Post #: 67394279

    Unfortunately it is not a matter of 400MT of 69% magnetite.
    It is Mineral Resource of 3.9 billion tonnes at 12.3 DTR% that is still in the ground.
    IF viable for mining and after beneficiation of the entire Mineral Resource (unlikely) then an implied Life of Mine production of 481Mt Fe concentrate @ a notional 69% Fe.
    Two totally different things.
    Sort of like reality vs. mythology.
    HIO Price at posting: 5.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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