Had a good chat to MD, although hitting a nickle deposit is like finding a needle in a haystack they are quite encouraged by the testing so far. the next round of drilling will take place in May.
They will begin to drill at Forrestania in 2 weeks as a balancing act to keep the results flowing for the investors that bought in for Lithium.
What impressed me was the planning and cost minimisation that they are applying to their exploration targets, they could easily go out and order up a massive amount of drilling, drain the accounts, capital raise and dilute the stock.
But they are confident they will have capital to last the calendar year and are being as strategic as they can regarding the drilling program. Investors should take a lot of heart from this given the way some companies conduct themselves.
Looks positive and will hopefully have a happy ending with some good news to come mid year
HNR Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
