So far, the company has hit most of the goals it has set itself... The grade on McIntosh was a little low TCG% wise but looks like it will be easy seperation so that may offset this. The Korean projects were a bit of an unexpected deviation but from today's announcement may end up to be the better resource.. The marketing and company promotion has definetly risen dramatically in the past month since the initial JORC was released. Maybe they wanted something to talk about before they started to roadshow. In terms of cash they had over 2M at end of quarter and have definetly reined in their Admin costs as they said they would. They can still do quite a bit of exploration with 2M so cap raising does not have to happen at these levels. So I am not so unpatient at the moment because this story only started less then a year ago and if we look at the progress it is not so bad.
HXG Price at posting:
7.4¢ Sentiment: ST Buy Disclosure: Held
