HVY

2.56%

8.0¢ heavy minerals limited

Banter & comments, page-279

First 279 Last

Share
Profile

Follow
winsomelose

545 Posts.

159

16/12/21

14:35

Post #: 58340771
Share

Originally posted by andy830: ↑

Granted HVY is an explorer at the moment, but they also have a JORC MRE for the mineral sands.
That alone recently saw an upgrade to over 2.7MT - with zircon and primary ilmenite alone at current prices, it comes to over US$500 million, of course there are other heavy minerals as well, rutile adds a further ~US$100 million to the potential value.

For the costs, it is usually not too heavy CAPEX and OPEX wise for mineral sands producers - look at Iluka (ILU) for an idea.

At the current EV of around $2.5 million, its just ridiculously undervalued.
Everyone seems to be looking at this as a pure play garnet project explorer that has no JORC, but as mentioned we have 2 projects and the Mineral Sands has a JORC already, that alone is worth over $50 million for sure - ie. an average of 10% of JORC value as mentioned above.

When they release a garnet JORC MRE, depending on the resource, which looks like it may be a solid resource, we should be around $100 million market cap. Though if we do get some sort of MOU for offtake even before any JORC release we should be way higher.

Keep an eye on the substantial holder, they are in a few other companies and have done quite a few things to help those companies.
I have seen offtake MOUs signed for projects that don't even have a JORC MRE yet, they have some good conections I believe.
By the way those offtake MOUs signed are with major companies, these companies would not enter into an offtake agreement unless they are serious.

Why would funds and other major investors get involved if they did not see value here.

Expand

Yes you are correct, hvy is very undervalued for a number of reasons I suspect. Both market forces and dare I say it what appears to be some strangling given the low liquidity. And not everyone see's this as purely garnet. Anyone who has done some simple skimming on the surface knows there is a whole lot more to this story which when the time is right should unfold very nicely, and I am being conservative in my sentiment.

HVY Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

ASX Market Open: ASX200 to rise for Friday session | July 26

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

There are more pages in this discussion • 68 more messages in this thread...

First 279 Last

Add HVY (ASX) to my watchlist

(20min delay)
Last 8.0¢		Change 0.002(2.56%)		Mkt cap ! $5.037M

Open	High	Low	Value	Volume
8.0¢	8.0¢	8.0¢	$2K	25K

Buyers (Bids)

No.	Vol.	Price($)
1	12658	7.9¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	12999	1

View Market Depth

No.	Vol.	Price($)
1	12658	0.079
1	19397	0.078
1	100000	0.077
3	100000	0.075
1	20000	0.074

Price($)	Vol.	No.
0.080	12999	1
0.115	18000	1
0.120	27744	1
0.125	17707	1
0.140	40125	1

Last trade - 15.04pm 26/07/2024 (20 minute delay)

HVY (ASX) Chart

Banter & comments, page-279

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

ASX Market Open: ASX200 to rise for Friday session | July 26

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Banter & comments, page-279

Top Stories

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

ASX Market Open: ASX200 to rise for Friday session | July 26

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News