Ann: Develop Agrees to Acquire Woodlawn Zinc-Copper Project, page-4

Find below my post on the HRR forum early last year, good to see we have a miner onboard, also a further uplift in commodity prices should see this very profitable.



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