Low grade ore of 210000 @ 1.4% some saying $14m. Management need to negotiate a new processing costs ASAP then send low grade ore to the mill ,get the money coming in why underground mine is getting set up. 154000 oz’s underground mining @ 25000 oz’s a year that 6 year mine life @ 65 million a year gross. Possibly many more oz’s and years of mining.
This will be over 35 cents once mine is up and running no doubt about that. If not games are being played and if they want to play I will buy all they put up. Very tempted to buy all at 13.5 cents but want to see what happens with capital return as I want to pick up all of my returns in shares as it drops after capital return.
If they pay a div of say maybe 10 cents a year this will fly to 50 plus cents even $1.
Good luck all
HAW Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
