HAW
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12.5% 6.3¢ hawthorn resources limited

Ann: HAW-AGM-Managing Directors Address, page-16

  1. Rome
    274 Posts.
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    30/11/19
    16:25
    Post #: 41727499
    Parcels 16-19 expenses already paid except to SAR & Jv, say $5-7mil.
    11300 oz = 25mil minus 7Mil = 18mil.

    2 parcels no numbers & costs. Say $5 mil

    $25 mil in bank + $23mil = $48mil.

    16c per share, before the cap return

    thoughts on my maths ?

    As a long term holder with 700k shares I’m starting g to to some light
    Cheers
    HAW Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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