I Agree Rabooth. It will be an interesting period whilst the drilling is underway at Horseshoe Lights - there is excellent chance of success in my opinion. With a market cap of just $5 million there is enormous potential for this company to go up in multiples. Aside from any exploration success consider a comparison of HOR with KGL Resources. The latter has a MC of $45 million based almost entirely on its Jervois Bay Copper project (25.3 Mt @ 1.1% Cu and 22 g/t Ag, ie 25.3Mt at 1.3%Cu eq). Then there is HOR with an already published resource at Horeshoe Lights of 12.85 Mt @ 1.0% Cu and 0.1 g/t Au, ie 12.85 Mt at 1.1% Cu eq. The KGL MC is 9 times HOR and yet the Jervois Bay Copper project is only twice (approx) the existing Horseshoe Lights inventory. On top of that HOR are about to start drilling a very exciting program which will likely add high grade to the resource. Furthermore the Horeshoe Lights project is relatively close to infrastructure (Great NE Hwy, Gas pipeline, Peak Hill and Degrussa Mills).
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