HFR 0.00% 24.5¢ highfield resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8

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    HFR current MC is ~$125m = US$81.5m, let’s just call it US$80m for nice round numbers…+US$220m equity capital = US$300m. So, US$90m is 30% of that. To get 50%, Southey would have to be valued at US$120m, so Y own US$210m of a total US$420m. Is Southey worth US$120m?
 
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