HVY 0.00% 11.0¢ heavy minerals limited

Ann: Drilling Program Underway with HM from Surface, page-6

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  1. 8,032 Posts.
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    Drilling samples are to be delivered/trucked to Perth on a weekly basis, which means we should be getting results back, on or close to a weekly basis over the two months of the drilling program.

    Also, it shouldn't be too long before we see step-out drilling take place as well, this resource could easily double triple, or 20x increase in size as did RDG with a 1520% increase.

    This region in port Gregory could well become the only/preferred source of Garnet in the world very quickly as global supply shrinks while demand rises.

    I can't see anything to not like with what HVY is doing here, i am picking HVY will be announcing a serious increase in resource early next year which will put it equal with RDG, then to keep the excitement rolling they will have Mozambique firing up.

    Also, expect the fence-sitters to start pushing the SP up fairly soon is my call, the seed selling/distribution is very close to done, I figure maybe 3mill shares left at the most, they have the funds to complete everything up until the end of 2022 so i am picking the options will be the next source of cash when required late next year.


 
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