Ann: Hancock to earn in to the Mt Bevan project, page-6

After receiving their share of the join venture monies Hawthorn will have approximately 15 million in the bank. The current market cap (at 6.9 cents per share) is approximately 24 million. No debt and over 70% of the shares held by the top 20. Relatively low shares of issue and history of having shared the proceeds of sales with share holders.

It is right next door to the RDT lithium discovery and right next to SGQ Ni finds. With the iron JV and gold project in the back burner and ground possibly prospective for Li and Ni. HAW can be considered a cashed up shell. A no brainer for those willing to wait.