Read the research report on Heron's website and here is my two dollar coins worth.
It is from the same person that placed a sell on Sons of Gwalia, (refer website) about two years ago.
Extracts from the report
"Should extensive resources drilling and screening tests confirm the early indications; the two main requirements for nickel laterite project viability will be satisfied"
and
"The resources and screening behaviour probably account for about 80% of the project risk.
If Heron can satisfy the major mining houses that the KNP resources is capable of annually providing 50,000 tonnes of nickel, in better than 1.5% material, to a set of autoclaves for at least 20 years,
then Heron can expect to be knocked over in a rush."
Arhidas Enjoy! owns HRR
HRR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
