HZN 2.70% 19.0¢ horizon oil limited

chart holding nicely for now, page-4

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    probably have $6m in the bank, $1m tied up with JV and $1.8m owing, so total cash potentially $8.8m

    Early stage assets but a huge landholding and CBS already has a deal for infrastructure on the table. I would put a minimum value of $3m on this

    Total value $11.8m, shares on issue 260m, gives a min value of 4.5c with plenty of upside given the cash in the bank
 
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