It's interesting that Fat Tail are recommending HRZ again. They recommended that stock previously (about 3 years ago?) @12.5cents I think, with a buy up to price of 14c, and I think they were promoting it as the best value gold stock or explorer on the ASX.
While FT do some good research and recommendations, I'm not sure why they would be classifying HRZ as an explorer when they are already producing from two mines. I do believe, however, that they are on the money this time with their HRZ recommendation.
Meanwhile, back to PTN. There is so much value in the many parts of this company that I'm amazed that it has an MC of only $108M, especially with the rising gold price.
I believe that their own tenements alone would warrant the current MC, and their investments in ERM, AUN, BTR and and MAT (along with the SBM share swap) plus the cash would probably warrant another 60 - 70M on the MC.
It's interesting that Fat Tail are recommending HRZ again. They...
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