Copper and the CRB Index have both recently entered weekly up trends on their respective charts,HOR remains in a strong weekly uptrend. With results due very soon and funding arrangements/option conversions in the wind, to expand the current drilling program,this should make an interesting play.
Only $15mill MC (undiluted)
Only 47 million shares on the register.(undiluted)
A couple of good grades in this round of drilling, a healthier bank balance and the trend should continue OMO
""Goldman: Base metals to rally, buoyed by China. Jan. 16, 2012, 8:01 a.m. EST By Rhiannon Hoyle
(LONDON (MarketWatch) -- Base metals will likely benefit from a re-acceleration in Chinese growth and end to de-stocking in Europe this year, spurring prices higher, said Goldman Sachs The investment bank said that, on a six- to 12-month horizon, it is most bullish on copper, which is widely used in manufacturing and construction. Still, it has tempered its 12-month forecast to $9,000 a metric ton, from $9,500/ton, citing greater supply availability.""
