Miningnut:
This is interesting theory, that HK costs would have been paid and
the underwriting cost would be low.
I think that the Dragon's reports are unfortunately not transparent about this.
It would appear that HK costs are rising all the time
and if you would calculated all what have paid,
I wonder if the would be anything left.
Fäboliden is currently test mining with investments to the infrastructure,
it would hardly be cash flow positive. And the idea of test mining is that it would be
that it would be needed for development, so there could be adjustments needed
for getting good yields.
You might be interested in milli43au's comment's about HK time table:
https://hotcopper.com.au/threads/hong-kong-listing-in-july-2018-any-risks.4279161/
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