South32 cops spray but survives Hermosa blowout

IT is a wonder that South32 shares did not head south in a big way in response to a US$1.18 billion increase to $1.7 billion in the capital cost estimate for the development of the Taylor zinc-lead-silver deposit at its Hermosa project, down Mexico way in Arizona, writes Barry FitzGerald.

South32 cops spray but survives Hermosa blowout South32 cops spray but survives Hermosa blowout South32 cops spray but survives Hermosa blowout South32 cops spray but survives Hermosa blowout South32 cops spray but survives Hermosa blowout

South32's Hermosa zinc-lead-silver project in Arizona

The stock did take a 3% hit on Monday when the capex shock hit the ASX platform in the long-delayed release of the prefeasibility study (PFS) into Taylor's development, the first of multiple deposits