executive chairman has prior gold experience

In the Havilah 2002 Prospectus (page 11), there was little known fact that you may have skipped over. It stated:

“Through a private company, Dr Johnson operates a small gold mine near Dunolly in Central Victoria. He has other gold prospects in Victoria and also has interests in mining tenements in other places through various private companies.”

I understand that Uncle Bob and his Victorian team built the Central Victorian gold processing plant from scratch, into a successful operation. I do not know if he still has this mine or the other gold prospects in Victoria, as they are not listed in the Directors’ Report section of the 2006 Annual Report or on the HAV webpage (under Corporate).

MY POINT: Uncle Bob has demonstrated experience in bringing to fruition a gold mine, albeit a small gold mine, through development to production.

Uncle Bob should be able to apply that considerable knowledge (and in the process avoid any potential pitfalls) in Portia’s development and ultimate production of gold.

Under Uncle Bob, Chris Giles and Peter Leah (the new guy), Portia may not be the biggest gold mine in Australia or even SA but it may be the most profitable.

IMHO, as Portia will be HAV’s first project out of the gate, the Executive Chairman’s prior gold production experience is a big plus that is not sufficiently recognised in its share price.