HVY 2.56% 8.0¢ heavy minerals limited

RDG will be mining in 22Taking everything they have into...

  1. 7,822 Posts.
    lightbulb Created with Sketch. 1118
    RDG will be mining in 22

    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
 
watchlist Created with Sketch. Add HVY (ASX) to my watchlist
(20min delay)
Last
8.0¢
Change
0.002(2.56%)
Mkt cap ! $5.037M
Open High Low Value Volume
8.0¢ 8.0¢ 8.0¢ $2K 25K

Buyers (Bids)

No. Vol. Price($)
1 12658 7.9¢
 

Sellers (Offers)

Price($) Vol. No.
8.0¢ 12999 1
View Market Depth
Last trade - 15.04pm 26/07/2024 (20 minute delay) ?
HVY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.