Taking everything they have into consideration and HVY delivering a similar jorc, one would have to consider 25% of RDG mcap as a reasonable target.
RDG will be supplying 20% of global supply with a 29yr resource, HVY already has a resource that can supply 100% of global demand already, thats without the expected increase in demand, so HVY already has a 14yr resource at a 20% supply already proven with the first lot of results ( just needs proper jorc ) which will come with the other 11400m outside that previously known zone.
All things being equal we should hopefully see HVY raising funds for development well above $1 if RDG keeps on climbing, as it sits now a $50m mcap is a no brainer on great results IMO
What will be interesting is if HVY sees the Iliminite as a contributing factor to revenue, if so we should re-rate well above the 20/30% of RDG
HVY Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
