Take a couple of depth breaths mate , a raising at this time may not be so bad. I have no problem with raising capital if it the $$ are spend in a productive manor and the raising conducted in a professional manor. It would be nice if the raising was supported by a big investor but I am not sure if this is the case. Guess we will see.
Bonanza sites, Boorara will easily go 1million/oz +, is open north/south/depth. The full trend from Golden Ridge to Kanowna South is very prospective imo. Worth reading the old article about changing the orientation of drilling a Boorara and instant success after decades of previous explorers not finding it. Then there is Yarmony(I haven't researched yet) which was only recently granted and a massive area. I wouldn't sneeze at all the smaller deposits, these have a lot of shallow easy to mine oz's and they add up. And finally Lakewood that has seen little exploration since being covered but the airbone tempest survey. Targets abandoned untest by a previous operators due to clay issues. Big potential for a placer deposit imo.
Why is Nimbus in the new drilling and not resource extension? I think there were quite a few VMS target's there not followed up.
I don't really follow Richmond anymore what will be will be.
JP built Phoenix to 4million oz, hopefully the ducks are finally lining up for HRZ to have a go at repeating this.
Good luck to us all
HRZ Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
, a raising at this time may not be so bad. I have no problem with raising capital if it the $$ are spend in a productive manor and the raising conducted in a professional manor. It would be nice if the raising was supported by a big investor but I am not sure if this is the case. Guess we will see.
