I hold a decent chunk in KWR so i am interested in HRZ as well. This is a win win for both Co's IMO.
The KWR team have a good record, have a look what they did for G1A.
If some are not aware, Menzies was one of the highest grade GOLD producers back in the old days. Only approx 20 holes have ever been drilled below 200m. This is were Ed Turner the CEO believes the high grade GOLD lays.
He is confident multiple Penny West style system's lay underneath the already mined high grade sallow GOLD. SPX found high grade GOLD between 100-300m and was eventually taken over by RMS for 200m dollars. The takeover was quick, all in the space of 1 year.
Some background on the historical production at Menzies and good luck to all holders. Let's hope they find the source below surface.
The MGP has recorded historical production of 643,200 oz @ 22.5g/t Au from underground (U/G) between 1895 and 1943 plus 145,000 oz @ 2.6g/t Au open cut between 1995 and 1999, for a total of 787,200 oz @ 18.9g/t Au.
HRZ Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
