HSK 0.00% 7.3¢ heemskirk consolidated limited

sp firming up

  1. gpw
    142 Posts.
    Volumes are creeping up and now trading in the $1.50 range.
    May edition of Personal Investor has an article on hsk and a price recommendation from a broker of $1.73.
    Just did a quick calc on what Pajingo is worth to hsk in a 12 month period.
    Projected to mine 70,000 ounces of Au.
    Hsk share 28,000
    Cost to mine $550 per ounce.
    Sales at $900 per ounce.
    28,000 times 350 equals 9.8 million before tax.
    Hsk net profit in 06/07 2.7 million.
    Bumper times ahead, particularly with Los Santos on stream sice Mar 08.
 
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Currently unlisted public company.

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