This is a big maybe. It's a true speculative stock.
But at these prices even a modest investment has the potential to be quite lucrative.
I feel there are a few risk limiting scenarios with this stock and that there is a real potential for a warranted run up in the share price.
- NMT's 36% holding. This equates to three generations of mining knowledge in the area and proven track record of getting the job done with limited cash.
- Newexco handling the geo work with a proven track record in the area
- Multiple tenements neighbouring large MC / high profile mining companies with operational mines
-Multiple resources under exploration, allowing flexibility to prioritise minerals. ie there's no point spending money to drill for an out of favour mineral.
- There is a large share registry but this is not uncommon and is in the ball park of comparisons like LTR, LEG who have found great resources and were once at a similar stage as HNR.
- And recent volume has improved greatly with limited news which is always positive.
It's an educated gamble for me.
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $8.192M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $760 | 295K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 18027728 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 7742494 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 17627728 | 0.002 |
30 | 46662051 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 7742494 | 11 |
0.004 | 11705716 | 27 |
0.005 | 7864697 | 6 |
0.006 | 605000 | 2 |
0.007 | 1015602 | 3 |
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