HRR 0.00% 4.5¢ heron resources limited

Ann: Heron enters into Farm-out Agreement on non core tenements, page-10

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  1. 1,721 Posts.
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    Good operational results going forward and a zinc price increase of 30 to 50% would immensely help.

    Heron is a polymetalic project (zinc, copper, gold, silver) which mainly (48%) mines zinc. The area around the actual mine is very extended and some new mineral finds would help the share price move higher.

    I have calculated in a previous post that the internal value of the project under the new circumstances (for a zinc price around $1.25) hovers around A$0.60 per share. Anything that would help zinc or copper move higher, any successful new mineral hits, operational excellence (maybe the most important factor now) and possibly the inclusion into ASX300 as my friend @Exised noticed, will seriously move the price higher!

 
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Currently unlisted public company.

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