Why Sell??, page-11

HAV will be closer to your $3 by Christmas once people realise the real value of the Portia Iceberg and its future income potential.

The evidence seems to be pointing to Portia being potentially a multi-million ounce deposit.

Multi-million deposits tend to be processed at a rate of at least 200 to 300,000 ounces a year.

Currently, we're producing approx 55,000 ounces over an approx. 6 month period. So, roughly, the current setup can produce 100,000 ounces a year.

Costs appear to be very low. If the gold can be recovered via gravity separation, then HAV's share is 50% and costs remain very, very low.

If any chemical processing is required, then costs increase as we have to pay for the mining and for the additional processing but we're then entitled to 100% of production.

Back of the envelope calculations suggest either of the above scenarios could result in very substantial cashflow for HAV in the near-term.

A $3 share price implies a market cap of approx. $630 m fully diluted.

Doesn't seem particular unreasonable should it play out this way.

Is that the way you're thinking Clark888?