HAW - Hawthorn Resources

Hmm, amazing what the word "Hancock" can do...



Flag pennant thingy... where to from here though?

Hawthorne Resources benefiting today from the earn-in of Hancock Magnetite Holdings Pty Ltd into the Mt Bevan iron ore project. HAW currently holds a 40% interest in the Mt Bevan project, although this will reduce to 28% once Hancock's initial invesment of $9 million has been paid. If Hancock elects to fund through to a completed PFS then HAW will hold 19.6%.

Still, this looks very good for HAW which will not have to spend another cent on the project potentially all the way through to a completed PFS, which will free up their cash at hand to be used for other purposes. Also, you can't get a more serious player than a Hancock entity, so this will de-risk the project considerably.

Sounds like a good deal to me.

Not a single mention of LEG, Legacy Iron Ore there Greg.... the main beneficiary of the JV agreement?

frugal.rock said:

Not a single mention of LEG, Legacy Iron Ore there Greg.... the main beneficiary of the JV agreement?

Click to expand...

I noticed you already did that in the LCY thread.

Looking at the chart, my thoughts are, will it fill the gap?
Are the funnymentals or trading strong enough to stop it filling the gap?