Banter & comments, page-267

I’ve looked at this since before the IPO. I certainly agree there is upside here but you keep going on about RDG and are being disingenuous about your comparison as you seem to be savvy enough to know better.

Yes, RDG is the best comp and is around $160m market cap

BUT,
1. RDG has $24m in cash
2. RDG is three businesses including Central Systems and the Ant Hill project
3. RDG is actually profitable
4. RDG is more advanced in garnet as it’s reached DFS and is well in to development
5. RDG is backed by Ellison. One of the best miners in the country
6. RDG has already invested material sums and will be in production without a CR so is much more de-risked vs HVY that is just starting their journey

I am sure you know all this but every time I check in on what’s happening I see incorrect statements which might be influencing people that don’t know any better. Again, don’t get me wrong, there’s certainly upside (with some risk) but HVY and RDG simple comps are meaningless