Current EV $21.16 oz. au 1.055Moz. hi undervalue, page-15

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allordsfive

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27/05/20

21:50

Post #: 44879336
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Originally posted by sydneysider: ↑

Current gold inventory held by HRZ 548,437 ounces @ 2.02 g/t au PLUS Boorara with 507,000 ounces @ 0.96 g/t au for a total of 1,055,437 ounces.

My estimate on EV is $22,338,000 for 1,055,337 ounces = $21.16 ounce.

Boorara has high grade zones within 3 starter pits for 157,000 tonnes @ 1.86 g/t au being mined now to produce free cash flow of $7.1M @ A$2,600 per ounce (currently A$2,655) with potential for some additional throughput to boost free cash over next 6-9 months.

Drilling at Boorara has been extremely positive, so will boost grades, tonnage and number of gold ounces. Current resources are measured at very shallow depths with open mineralization at depth along entire strike line. My guesstimate of potential is +250,000 or more.

Multiple other resources are being expanded by drilling i.e. Rose Hill.
Guesstimate is 1.5M ounces within next 12 months for an EV of $14.89 per ounce on current pricing.
Re-price at $40 per ounce EV near term (with ongoing drilling) puts us in 15 - 20 cent range (near term).
In steady production we get 10x 15x price appreciation (on 1.5M ounces).
Extreme undervaluation, becomes a take-over target.

Expand

Originally posted by sydneysider: ↑

Current gold inventory held by HRZ 548,437 ounces @ 2.02 g/t au PLUS Boorara with 507,000 ounces @ 0.96 g/t au for a total of 1,055,437 ounces.

My estimate on EV is $22,338,000 for 1,055,337 ounces = $21.16 ounce.

Boorara has high grade zones within 3 starter pits for 157,000 tonnes @ 1.86 g/t au being mined now to produce free cash flow of $7.1M @ A$2,600 per ounce (currently A$2,655) with potential for some additional throughput to boost free cash over next 6-9 months.

Drilling at Boorara has been extremely positive, so will boost grades, tonnage and number of gold ounces. Current resources are measured at very shallow depths with open mineralization at depth along entire strike line. My guesstimate of potential is +250,000 or more.

Multiple other resources are being expanded by drilling i.e. Rose Hill.
Guesstimate is 1.5M ounces within next 12 months for an EV of $14.89 per ounce on current pricing.
Re-price at $40 per ounce EV near term (with ongoing drilling) puts us in 15 - 20 cent range (near term).
In steady production we get 10x 15x price appreciation (on 1.5M ounces).
Extreme undervaluation, becomes a take-over target.

Expand

gold is all time highs

the management needs a Pr team

roadshow

this stock going nowhere

HRZ Price at posting: 11.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 5.6¢		Change 0.000(0.00%)		Mkt cap ! $62.63M

Open	High	Low	Value	Volume
5.8¢	5.9¢	5.6¢	$109.8K	1.908M

Buyers (Bids)

No.	Vol.	Price($)
4	359773	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	159298	2

View Market Depth

No.	Vol.	Price($)
3	300000	0.056
4	220281	0.055
1	55500	0.054
3	533867	0.053
6	133000	0.052

Price($)	Vol.	No.
0.057	14942	1
0.058	440214	3
0.059	574038	6
0.060	893177	6
0.061	110000	2

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Current EV $21.16 oz. au 1.055Moz. hi undervalue, page-15

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Current EV $21.16 oz. au 1.055Moz. hi undervalue, page-15

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Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

Droneshield shares move up on $13.5M US govt contract

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