2017 Outlook, page-151

It's been almost a year since this thread was started so time for a review.

1. Copper price are up on 2016 and have been holding over AU$4.00/lb (AU$8,800/t) for over a month now which is the Case 2 scenario in the 2014 Scoping Study. The Case 1 in the Scoping Study is AU$4.50/lb which is now within reach with plenty of LT forecasters very positive about future copper prices. Once Case 1 prices kick in, re-commencing mining operations at HSL start to become a real opportunity. Fingers crossed that HOR actually starts a bit more movement on advancing the re-start of mining option in 2018.
2. MF interest in RNI (now AUR) remains solid with him participating in most of the CR there this year. No talk of JV yet and unlikely in near future I think.
3. MF very engaged with EGS problems. Commissioning issues have caused delays (got that one right!) and funding issues. These should be resolved by Q1 2018 with MF likely to be forced to step away from day to day management of EGS immediately. That will be good news for HOR in 2018.

In summary:
2016 - dead stop.
2017 - moving very slowly.
2018 - gaining some momentum and back to cruising speed (after a sensible CR)??
2019 - accelerating towards full steam ahead (wishful thinking perhaps)!!

GLTAH in 2018