I was wondering if their was still a pulse. For the last 6 months they have had the data room open and not found a way forward. Herron has a almost new plant and U/G mine ready for production. The mine development was commenced on the following proposed steady state production:
Zn 40000 tpa US $1.00/lb Cu 10000 tpa US $3.00/lb Pb 12000 tpa US $ 0.91/lb Ag US $17.80/oz Au US $1200/oz
At current metal prices this would amount to an annual + $100m AUD uplift in profit. The mine and infrastructure is very well located, hopefully we have an actual miner take over from these clowns.
HRR Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held