If the merger goes ahead I need 15c to get near even based on the 0.2868 ratio. The big prize is the forecasted combination of ore coming from HRZ Boorara and GSR Burbanks. I don't know if the Burbanks mill is still up for sale, it needs upgrading for volume and refurbishment but may be the opportunity to get out of toll processing if it was bought.
One can then think bigger numbers for the share price if this were to be announced IMO.
HRZ Price at posting:
5.3¢ Sentiment: None Disclosure: Not Held
