One thing I always commit myself in my research is to read and than re read any announcements on stocks I invest into.
A number of times I find the devil is usually hidden in the detail, and when your mind is racing when you race to read announcements and or reports you can miss critical bits of information (sometimes these are little) which makes you able to clearly make crucial decisions on your investments and strategies.
I found this little gem in todays announcement by HMX.
Dan and HMX have previously communicated regarding HMX’s JORC resources (that IMO that are significant and is not valued in the current share price) that Hammer has on its books and IMO it what differentiates HMX from CNB.
HMX says it requires additional (JORC) resources to flick the switch to transition from an explorer to developer/miner, from memory they were over 80% there?
Look at upcoming announcements in todays ASX release, my little gem is highlighted in red it reads - Lakeview JORC resource.
Have HMX made it??? Is Mt Hope Hammer’s home run???
Certainly with todays announcement with drilling at Mt Hope (future drilling confirmation will be required) if future success then it has to add to HMX’s growing JORC inventory???
If it does then HMX may have crossed the line from explorer to developer/miner, has the market not realised and missed it? Or am I misunderstanding things completely here?
JMT (DYOR) If HMX has cored the JORC that it requires then good luck picking up shares at .068c, and given HMX has a $47m market cap you would have to think that a similar valuation to CNB’s $130m is a starting point???
In my conclusion from today’s announcement and the upcoming one on Lakeview’s JORC Resource it is looking more likely by day that HMX is crossing or may have already crossed the line?
Goodluck to all holders and believers in the HMX story.
Cheers Aussie
