Watcher, page-5

Ex-holder here. Latest I've heard from Broken Hill is the project has full community support, but unlikely to get going until a step-change is seen in the IO market. That will probably be 4-5 years. GRR's Southdown project will likely get project funding before this in my opinion (an asset that has been mothballed for years); so keep an eye on that to get a gauge on CAP's chances at Hawsons. The mining industry is cyclical, and this asset will be mined one day I am sure of that much. Good luck.