Todays presentation, page-12

A brief guide on how to buy HRZ shares.

1. Join the back of the queue
2. Wait
3. Wait some more
4. Place CHESS statement in bottom drawer

My last two purchases took over five days to execute and were worth the wait.

That was a great presentation. What's not to like about this company?

I did a quick back of the envelope comparison with Ramelius (RMS). Based on 100k oz pa production (compared to 260-280 at RMS) and all other things being equal, HRZ is quite obviously undervalued. I happen to think that RMS is as well. Of course there are differences, required CAPEX being the most obvious.

What do others think? What should HRZ's market cap be?