Too true. However if KWR go to $1-00 then with ~ 31m KWR shares (mkt value $31m)
I really couldn't see that HRZ 's SP would be as low as 20c.
Let's assume KWR reached $1 then HRZ may be able to sell (off-market) for
say 80c per share (a crucial ~ 19% holding)worth ~$25m.
If the HRZ/FML deal had by then already been consummated then with $25m plus in the
coffers the Coolgardie Gold Project would be somewhat "derisked" surely
giving our own SP a big boost.
NB In the medium term I can see KWR's SP easily reaching 50c and higher the deeper
the drill bit goes.
(For HRZ-31m x 50c = $15.5m to play with).
Disclaimer-I still believe for us Coolgardie Gold Project is very much a high risk
gamble which depends on all the parts lining up.
HRZ Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
