Hi all, and a happy new year.It appears that HEG is finally...

Hi all, and a happy new year.
It appears that HEG is finally starting its re-rating.The extended though expensive drilling last year has revealed a definite direction and is unlocking real value to the share price through its growing reserves.I believe the company will announce the 1,000,000 0z total reserves in the near future.And I also feel with 1200 sq km of gold country these reserves numbers will keep increasing for many years to come.
This is really GOLD COUNTRY.It is not just one hole in the ground. Historically during the gold rush prospectors only scratching the surface though winning over a million oz with picks and shovels at Hill End itself,Windeyer Red Hill,Tambaroora and the Jewell in the crown Hargraves,where HEG have indicated they will restart mining on a scale that should be very profitable.
So with gold settling the year around $1420 oz 2010 Hill End Gold is in a position to have an incredible future. So I'm back in buying and I'm not the only one.Some Grades were averaging near 10 grams per ton.And don't forget the Holterman Nugget 3100 Oz in one lump.Its worth having a look at the history Of Hill End.
Just for interest the end of year gold price in $US
2000 - $273.60
2001 - $279.00
2002 - $348.20
2003 - $416.10
2004 - $438.40
2005 - $518.90
2006 - $638.00
2007 - $838.00
2008 - $880.00
2009 - $1097.30
2010 - $1420.55
And it appears still rising.
HEG has had its problem as others have had, but we hope the recent share price rise is the start of a justified upward re-rating.
DYOR And of course OMO
Regards Bryan