With the latest deals cut in the East Pilbra regarding Iron ore plays and Chinese investment the question arises as to what HDN should do with its potential 30% interest in the Mount Webber project.
This aspect of HDN portfolio of projects creates some interesting opportunities for HDN.
A sale of its right to 30% of Mt Webber would fund much of HDN capital needs over the medium term.
With lithium providing the commodity of the year award exploration of its Lithium targets should provide a great deal of interest. Here there are three areas. Smithfield in South Western Australia, Finnis Range and the Pilbra.
China's recent foray into Iron Ore in the East Pilbra provides another angle to HDN's Mt Webber asset.
HDN Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
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