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AQA announced recently thay had taken a large position in HLX. Because they are in a JV and AQA is the manager of Project, you could quite reasonably assume that AQA are very confident that there is a substancial deposit of iron in the ground. AQA could well be buying more of HLX, but as you say, this is just a best guess and we need to wait for any announcements. HLX has stated they are aiming for 100Mt initial JORC and that they believe there is the probability of many millions of tons across the tennament due to the overall strike lengths. This has been highlighted in the thread previously.

[QUOTE="Sean K, post: 222187, member: 3610"] AQA announced recently thay had taken a large position in HLX. Because they are in a JV and AQA is the manager of Project, you could quite reasonably assume that AQA are very confident that there is a substancial deposit of iron in the ground. AQA could well be buying more of HLX, but as you say, this is just a best guess and we need to wait for any announcements. HLX has stated they are aiming for 100Mt initial JORC and that they believe there is the probability of many millions of tons across the tennament due to the overall strike lengths. This has been highlighted in the thread previously. [/QUOTE]

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