Well Alto is up considerably today and HRN is down despite...

Well Alto is up considerably today and HRN is down despite backdrop of rising gold prices. Mkt once again speculating on a takeover perhaps

Noticed HRNs assesment of 3.7 million combined ounces accumulated from Gidgee, Alto and HRNs own resources. They didn't include Aurumins 1 million ounces which would push it out to 4.7 mill ounces combined.

Not currently sure if Aurumins underground is viable in terms of grade but this fact makes it a perfect first piece of the acquisition puzzle for HRN in terms of lowering Altos price per ounce in ground valuation expectations.

Aurumin is rising also so I'm enjoying that.
This rise might support my theory though important to note that Aurumin have just cleared their capital note and have also begun drilling so rise may well be due to this, not the imminent prospect of getting taken out.