This is the slide I'm focused on as it clearly confirms my(and others) expectations that once consolidation of the regional gold resources available(mentions GML and AME) the synergies in value will be extremely rewarding. Clearly HRN management have this as their medium term strategic objective. As noted previously once RED5 consolidated the assets around that area of similar geology and commenced producing, their MC steadily grew from 300m only 3yrs ago to 1.2bn today. This is at least the potential multiple offered in this strategic play.
GLTAH DYOR
Ann: Scoping Study Presentation, page-2
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Last
29.0¢ |
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-0.010(3.33%) |
Mkt cap ! $42.00M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.0¢ | 28.8¢ | $31.20K | 107.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22585 | 27.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 14735 | 1 |
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| HRN (ASX) Chart |