I can't see why a broker would underwrite these options. If I...

I can't see why a broker would underwrite these options. If I was a broker there is know way I would underwrite them when the last shares placed where done only 6 -8 weeks ago at 17c

Still anything goes with these stocks

What I would want to know is what the production was since 1 July before I stumped up any money into HEG

I will say it over and over again

Airleg mining narrow reef is a specialised and tricky business. To be successful you need consistent widths otherwise its tough to manage. If the reefs are varying to much you end up with big dilution problems. these reefs can get very narrow . If you are mining a 1.2m width and your reef pinches down to 20cm from 50cm you had 1 metre ago you very suddenly start losing money.
thats why there is only one way to show these reefs are payable

Proof from production

They havent proved it yet

I bought on the Hazelhurst spruick but sold out when the resource statement came out, very average esp the grade

By way of example NWR have a reef in the Pilbara with a resource grade of 137,000 tonnes at 46gpt

Now here is the big difference. That reef know as Blue Spec has a DILUTED mining grade on a 2m width of 31gpt


Thats the type of reef you want.