Yet they went ahead with a 14mil CR for a company on the brink of going into admin. apparently, before producing any gold and who is to say the BOORARA/PADDINGTON outcome will be any different.
All investors should treat everything HRZ say with extreme suspicion until priven otherwise.
For me, the CR is just HRZ lining the pockets of a failed company in POS.
HRZ are yet to produce a single oz of gold but we are asked to take it on faith.
Prove up your resources first by ACTUALLY producing at a profit.
Ann: First Ore To Be Processed - Boorara Gold Project, page-47
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