Possible valuation, page-31

Good post MTM. The retreat in the share price took me by surprise post announcement. It probably indicates the results were already allowed for in the share price. I speculate that the bonanza hole (HRD059W1 - first announced late July) was drilled early July when the share price was still in the mid to high 20 cent range - you don't need to wait for assays when multiple core trays are full of the shiny stuff. Observers like me drove the share price up once it came out of the trading halt and a few of those in the know took some profits on lowish volume - only about 1.2 million traded since yesterday. I agree with your comment that the Hera North by itself could be good for a 2 year mine life extension. Furthermore the potential for further exploration success is promising. If they can find other areas with such impressive widths and grades (as HRD059W1) then this really could be a bonanza for the company and it's shareholders.