The fact the company doesn't even mentioning its other prospects in the lastest preso would suggest to me all the eggs in the Hawsons project basket.
One only has to look at what happened to GBG post its intial BFS to see the capex will be well underdone. The market knows this I feel given they aren't accepting the PFS #. So who is going to line up to fund this type of magnetite IO project given recent experience with Citic Pacific, Sino and GBG?
CAP Price at posting:
26.7¢ Sentiment: None Disclosure: Not Held