Ann: Quarterly Activities & Cashflow Reports, page-57

thats right

fully diluted reality is 70mill

$1 = $70m mcap raise $100m at $1 for a 30yr plus operation with yearly or half-yearly dividends at the mentioned 20c and its a no brainer, hence the 7-month pack mauling accumulators.

Thats why I have always said $1 is not a ridiculous target and always mentioned fully diluted while others make it sound like i was asking for the universe.. if a bloke cant put a tiny $70m target pre CR on a company that is sounding the development alarm the world has truly gone mad.

A stock with 170m or less on issue under development mining a product that is growing exponentially on a global scale should absolutely flying by now, not sold on every single company making announcement, but we shouldn't point that out should we, it doesn't suit some players agendas

As i have said before, HVY is in a position to succeed well and far beyond its PG development, once a company has its first producing mine underway its usually followed by others via purchase or discovery, BHP/RIO/SFR/NST all started with one producing mine.

$10m mcap is and has been disgraceful since it announced the massive unexpected grades and then also outside the initial target.. all sold into