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.
HSK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held