Volumes are creeping up and now trading in the $1.50 range.
May edition of Personal Investor has an article on hsk and a price recommendation from a broker of $1.73.
Just did a quick calc on what Pajingo is worth to hsk in a 12 month period.
Projected to mine 70,000 ounces of Au.
Hsk share 28,000
Cost to mine $550 per ounce.
Sales at $900 per ounce.
28,000 times 350 equals 9.8 million before tax.
Hsk net profit in 06/07 2.7 million.
Bumper times ahead, particularly with Los Santos on stream sice Mar 08.
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