I had a HRZ thread going where I conservatively projected a 1 billion dollar MC. I have not changed my opinion. This is a multi bagger in the making.
There are few negatives, like convertible note and BS restart costs study. But the uncertainty will get resolved in due course: Convertible note will be most likely taken in shares, ie. will cost company nothing in cash, and most likely will not result in a selloff (reasons were discussed in other thread). And, BS restart costs will surely come in around $50 million, or less (I am ignorant in this matter, so this is a guess). But even if it is more than $50 million, HRZ will have cash available to pay for it by then (gold price will not relent).
Next few quarterlies will assuage the market that HRZ is the real deal with cash incoming, and our SP will move in leaps and bounds.
The rest as they say is history... Well it's actually the future. And we can see it quite clearly.
HRZ Price at posting:
6.4¢ Sentiment: None Disclosure: Held
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