This looks interesting, the HC MC is stated at $29.82 mill @$0.024c, but that looks like the wrong number. listed at $17.2mill @0.024c in the latest presentation. Anyway, they have $4.5mill to spend on drilling and what looks like a highly prospective area to work with. I do love high grade, underexplored historical gold fields.
The first drill results have been outstanding, mineralisation in every hole in this 700m gap target, with the best hole of 27m @5.85g/t. All quite close to surface too. How many ounces do we think will be added from this section alone?
I've taken a small position and will watch the news flow carefully. Looks like they will move things along with speed which I like as well. Will run it next to my other recently listed explorer/developer EGA.
Runway for gold developers looks promising over next 2-3 years IMO.
Research Report - 4.3c target (short term), page-2
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