Ann: Hawsons Prefeasibility Study Results, page-4

Great summary @That Fundamental Guy.  Market seems to like it even though it is hard to build any sort of position in CAP at present.


A further box has been ticked and project de-risked IMO.

Next step is funding.  The $1.4billion is a massive number, but so is the payoff... Potential Margin of between US$40/t-US$55/t @10-12 mtpa, Do the maths.

They keep saying "right project, right time" and i believe they are right with this statement given the supergrade IO and China direction at present (which i believe will only become more relevant).