Given HAV's current 1.3Mt Cu and 3.1Moz Au resource and then adding a further conservative 2.5Mt Cu and 2Moz Au possible as exploration continues at the Eurinilla Dome you arrive at a future resource valuation at today's prices of around $216 per share.
At the current SP that is equivalent to a EV per R of around .09%
DEG's 12Moz resource is currently valued at $19.95 per share giving an EV per resource valuation of around 6.4%.
I think HAV is currently priced extremely low, an EV/R of a modest 1% would indicate a future SP of around $2.16 per share should the exploration potential of the Eurinilla Dome be proved.
With bullish copper and gold prospects ahead I think HAV will prove to be a winner.
Ann: High Grade Copper Drilling Results At Eurinilla Dome, page-30
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