Bit of a bounce back. At least some are smart enough to look longer term, to beyond the current io price....
tcf, from the announcement - "The Buckland Project concept includes an 8mtpa mine at Bungaroo South and potentially additional production from the Buckland satellite deposits, linked by a 200klm sealed haul road to a new 20mtpa transhipping port at Cape Preston....."
I would say that, aside from the "...additional production from the Buckland satellite deposits..." reference, that the additional capacity is to encourage and attract joint venture and/or partnership interest from others nearby.
If you have additional port capacity, that's got to be appealing to other miners, or potential miners, who may be looking to get their io to a port.
If correct, a pretty smart ploy from AV and the team. Cast the net as wide as possible to see who and what you can catch.....
Picked up a few more over the last couple of days. Just to good an op to ignore...
Cheers, Mac
Please dyor.
IOH Price at posting:
91.0¢ Sentiment: Buy Disclosure: Held