HAR 0.00% 5.5¢ haranga resources limited.

Well perhaps there is something else planned for the company...

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  1. 669 Posts.
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    Well perhaps there is something else planned for the company apart from their current assets. The Lippo Group is enormous and have very deep pockets. There have been a couple of board changes this year already with the addition of Lippo Group members, one who has the following blurb about him in a company announcement
    Column 1
    0 In total, Mr. Lo has ten years’ experience in mining, management and technology, securing mining licenses, settling of government and social affairs; purchasing land; exploration; production; processing; logistics and export affairs.

    So, Prospector, if they get some better assets then maybe fortunes will change, but as for infrastructure, they'd need to build a mine and a rail spur in Mongolia which wouldn't come cheap
    As i have said before, assumptions in past presentations are a little optimistic but things could turn around

    See page 23 of report released on 18/2/14.
    Cash costs above current spot prices of iron ore. NPV used assumption of US$131.5 per tonne sale price (fat chance) and cash costs are based on 3mtpa. Recent agreement suggests capacity for 1mtpa on the rail sprur from 2020.
    So if someone was happy to tip in 500 million for nothing they still wouldnt make a dime.

    I'll leave this one alone now but if you want to take a punt on the iron ore price recovering even a little bit, perhaps a large miner like FMG or AGO where large gains could be realised there.
    Supply side is still gorwing and demand still weakening however! ...
    All IMO DYOR blah blah blah..​
 
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