That said, I think it's ridicously cheap at current levels. Heron tracks the SP of MRE which has been sold off for a number of reasons, several of which have nothing to do with Heron e.g. a potential capital raising and the gas price they are currently paying.
The current cost of sulphur is effecting MRE and HRR, but I think it's likely to be a short term spike, and can't see it being sustainable. In addition, heron has exposure to phosphate through it's Langey Phosphate Project, which it hopefully will begin drilling next month, or Sept.
Sally, what do you think?
That said, I think it's ridicously cheap at current levels....
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