most undervalued explorer on the asx..., page-3

So yet again months later I still believe HLX to be one of the most undervalued explorers on the ASX...with the latest updates an e-mail's I have recieved from GJW....Currently HLX have 4.5mill in cash+recieveables 13mill market cap so a E.V of 8.5mill for that you get

--GOLD--interests

-Restdown has 100k JORC resource
Detailed aeromagnetic survey (50m lined spacing) highlights a large zone of interest (9km wide by +20km long) and geochemistry is identifying multiple target areas for drilling to increase the above JORC

-Tunkillia-Gold 800koz JORC (46% hlx duluting)
-NSW-VMS targets tobe drilled
-Talca Gold Project-chile-(hopefully drilling this year if get a rig)....
-GCY-4 mill shares

---IRON ORE----

-Yalleen 84.3t 57% fe (30%) likely to be sold 40m-80m

-Olary -good drilling results on par with nearby peers within the area HLX looks to have Iron ore discovery how big is yet to be known IMHO it will be as big as Yallen..

---COPPER/gold-------

-Canbelego JV (51%) 1.5mt 1.3% cu -

-Joshua Copper Project? Chile (100%)
o Mineralised copper porphyry system confirmed from maiden drilling, results include:-o 156m @ 0.20% Cu + 0.1g/t Au from surface
o 147m @ 0.22% Cu + 0.1g/t Au from surface

-Loa Project Chile- ? Targeting Cu porphyry systems. Licence 23,400Ha situated ?40km west of the Chucquicamata Copper Mine and 40km along strike N of Spence Copper Mine in Region II