announcment.....kanmantoo mining lease awarded, page-7

Judging from the extremely low share price atm I think many investors must be concerned about the viability of Kanmantoo in a lower copper price environment (the expected production cost isn’t exactly ‘low’, is it?). Project funding is still a hurdle. The very positive announcement today was seen as an opportunity to sell by many, and the SP hardly closed higher.

Any comments? Are my concerns misguided?

Taking a positive view, there seams to be a lot of progress at Kanmantoo and the company has about $20m is cash to keep things moving prior to full funding.

Also, HGO’s stake in ESG (22.6%) is currently worth $54.9m while HGO’s market cap is only $34m.

HGO’s exploration projects must also be worth something, on top of Kanmantoo and ESG.

I’m seriously considering adding to my position in HGO at the current prices. Can't see the sp going much lower (unless there is a global depression, inclusing China, which is possible, but unlikely...).