most undervalued explorer on the asx...

Another day another low SP 8.5c no interest -- the depth bids low to 8c
Market Cap =13mill just over 200mill shares Cash 5.5mill

43mill HLXO opts converted out of the 52mill listed--- next opts unlisted 17mill ex. price 53c 31/10/11

HLX have underway currently

-Chile RC drilling at Gold project 100%hlx
-Chile RC drilling/assays at copper project 100%
-NSW RC drilling regional VMS copper target 100%
-Canbelego drilling parallel to copper discovery 70%
-Restdown Gold further work soil samples/mapping to target next round drilling.44 more drill results to be announced-looking good shallow grades/widths 70%
-Olary- Iron ore 10 hole RC drilling

what does the market value the above $0

the 8mill the market values HLX is IMHO for the 30% in the yalleen Iron ore project with a JORC resource of 84.3Mt channel iron ore with exploration upside...