HER 0.00% 88.5¢ herald resources limited

Got to give to Herald - they keep on pushing.Methinks it will be...

  1. 527 Posts.
    Got to give to Herald - they keep on pushing.

    Methinks it will be whiles before its off the pad (although a substantial sp hike today might prove me wrong).

    My guesse is that it was realised a little too late they need heavy rail to the coast to make it fly. This brings two problems - one being cost - so resource will need to be lifted to sugar the economics.

    Secondly trying to get a railline across North Sumatra. Well all I can say in a country known for its corruption and lawlessness - North Sumatra is viewed as a pretty wild and wooly place.

    There is of course the problem of Siesmic activity. Tas did a comprehensive review of the problems with the incline, which I think may become more problematic if you need to account for the rash of earthquakes going on up those parts.

    cheers
 
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