Hello Fred,
They have cash of $13M with minimal outgoings. The last Annual Report stated mining the 157000oz gold resource was profitable when gold price was $3800oz and now it is $5200oz. Obviously this is why there is interest from potential partners.
The magnetite royalty must have a NPV north of $100M given the scope of the project which looks very likely to proceed with both Hancock and Indian Government on board.
Keep the faith,
Redtank.
Ann: HAW Mar25 Quarterly Activities Update and Cashflow Report, page-7
Add to My Watchlist
What is My Watchlist?
