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5.5¢ haranga resources limited.

Yes keep it real, the company will have no intentions to raise...

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579 Posts.

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24/06/15

15:00

Post #: 15522132
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Originally posted by hotcoppa ↑

They need about $500-600 million to get the mine up and running.
And previous company announcements indicate that for the NPV of the project to be positive, they will require iron ore prices around $114 per tonne using previously forecast cash costs of $70 per tonne.
That is assuming that the 114 per tonne does not have any discounts attached to it due to poor iron ore quality.
I don't believe that the company has much chance of raising the dosh for a mine.
But a cap raise to keep things running and management getting paid might be possible.
Keep it real.
IMO

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Yes keep it real, the company will have no intentions to raise funds to build a mine ( and where did you get those figures from , your Harris ? ) It will be sold Lock stock and smoking to the Chinese , just like HUN was..... Always the intention.... now with 30 year mining
licence granted a step closer, Chinese interest will be massive..... Any way as a non holder , dont see why you are even posting, or are you a bitter SUNDANCE holder ?

HAR Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.5¢		Change 0.000(0.00%)		Mkt cap ! $2.954M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.5¢	$550	10K

Buyers (Bids)

No.	Vol.	Price($)
1	89	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	10000	1

View Market Depth

No.	Vol.	Price($)
2	5454	0.040
2	35429	0.035
3	180400	0.034
1	32290	0.031
2	250000	0.030

Price($)	Vol.	No.
0.044	14000	1
0.045	20000	1
0.053	50000	1
0.060	190328	1
0.070	42000	1

Last trade - 13.41pm 05/11/2024 (20 minute delay)

HAR (ASX) Chart