No-one can offer advice on HC but let me guide in the direction of a few cheap stocks. I've discussed both of these two stocks in depth on their respective forums if you are further interested.
HDG - coal play
I've been banging my head on the wall about this one a bit purely because it is SO undervalued.
$20M market cap. $3M cash.
various options that the company can choose from, best you read my explanation on the HDG forum
long story short, they pick up a net JORC inferred resource of 300Mt thermal coal for $3.5M
longer story is they can acquire a 99% interest in this above prospect, and a 90% interest in another coal prospect for various sums of money depending on milestones that are met
has an early days AFR feel about it
CAP - iron and coal play
$60M market cap, $12M cash
By far the biggest holding in my portfolio.
1.4Bt iron JORC @ 15.5% DTR in Broken Hill
Another iron ore prospect near this above project that is targetting some DSO and trace magnetite
JVs in place
significantly underestimated potential with a coal project in QLD, extrapolating a broker analysis values CAP's stake in this project at this very time at $50M
