@Justdigit
Let's be honest, it is more than a simple transaction. At 51%, this is a 'takeover'. Correct me if I am wrong.
The Independent Expert's Report for the SIMEC Mining 'takeover', in my opinion, will be an eye opener for shareholders.
The value recorded in the 31 January 2019 HAV Interim Financial Report for exploration expenditure was $34 million.
As shareholders, we are often fed the following information by Dr Giles as the Technical Director "Havilah controls more than 16,000 square kilometres of mineral tenements in the Curnamona Craton in northeastern South Australia. Over $80 million (in current dollars) spent by major company tenement holders in the past has led to the discovery of numerous promising prospects, many with ore-grade intersections that have never been adequately followed up." [Source: https://www.havilah-resources.com.au/operations/overview/]
Want to guess how much 'value' the Independent Expert will put on this exploration.
Let's not forget the "8 JORC resources in 8 years delineated by Havilah's drilling in the Curnamona Craton." I will be very interested to see what 'value' the Independent Expert puts on each of these 8 JORC resources.
A final PFS on Kalkaroo is critical for all shareholders and for the Independent Expert to do its job properly, IMLTHO.
Currently, the HAV Board is trying to 'micrometer a brick'. Accuracy on PFS are usually +/- 30% anyway (paper by RL Bullock April 2011).
IF the Kalkaroo PFS is published on the ASX, it will the first time a PFS has ever been released to shareholders in the Company's 17 years listed on the ASX. Think about that for a minute.
Cheers
These are only my random thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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