The share price is rougly 31% up from recent lows of 17.5c a...

The share price is rougly 31% up from recent lows of 17.5c a share, so you can't sneeze at that, the price has been improving. For myself, I find it hard to see the SP going to far with this current enviroment because the potential downside from Europe is a constant threat in the back of peoples minds. If the world economy remains resilliant and copper prices strong, then in two or three years I would expect HGO to be priced much closer to its potential value. However at the moment I belive the probability of an alternate negative world economy is weighing on almost all resource stocks.