HDR hardman resources limited

BUY - HDR Ann., page-8

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    54% undervalued. Yeah Cattleking, you can find the estimates for all HDR's current and proposed activities in this research report by Canaccord Capital (London) . According to the report HDR is trading at 46% of their current worth.

    "Our risked valuation of the Hardman licenses gives a value of £0.57 per share. The current share
    price of £0.26 per share represents 46% of our current risked valuation."

    http://www.hdr.com.au/Hardman%20May%202002.pdf

    CHeers
    Louie
 
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Currently unlisted public company.

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