News: HFR Highfield Resources Requests Trading Halt, page-11

I'd like to think management aren't relying on 'hope' to see the valuation gap close.

I think the following will see the valuation gap begin to close, hopefully in this order;
- Further high grade drill results from Vipasca that show the continuity of the resource with the Muga deposit,
- Final permit applications lodged before year end and ultimately received within 6 months,
- End user off takes signed + a pre payment (will reduce the capex required to be funded),
- Debt funding secured (at a reasonable rate / terms),
- Bringing on an equity partner at the project level to complete the remaining capex to be funded,
- Defining the economics around a SOP product to be delivered with the Stage 2 expansion.