the interesting disclosure is around them exploring all funding options to drill out the deposit which remains open. my take on this is a farm-out and i would put my money on blumont. very good outcome from here would be a 30% stake in HOB and then focus cash on browns reef.
hob @ say 5MT with a low capex bill due to it being simply trucked out will be a nice NPV positive project.
best news is finally there is a base that the market can use to value kdr.
KDR Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held