HRR heron resources limited
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shanshan deal for hrr valuation

  1. rockford
    926 Posts.
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    22/06/09
    11:02
    Post #: 5307881
    I posted a rough calculation earlier but did not take account of Head Grade of ore at 0.94% and 80% recovery or the dilution of shares with Shanshan stake.

    So based on recalculation it looks more like revenue of A$23million

    Rockford
    HRR Price at posting: 20.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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