HOR 0.00% 0.9¢ horseshoe metals limited

Focker et al,the biggest joke is that VRX has a market cap three...

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    Focker et al,

    the biggest joke is that VRX has a market cap three times higher than ours even though we are to exceed VRX's copper resource after our JORC upgrade.

    That gives an indication of the market cap HOR is bound to reach after the JORC upgrade. The resource is very shallow so extraction of the resource ( particularly those extreme high grade areas exceeding 8% copper) will be extremely profitable.

    I still can't understand why HOR's shareprice was pushed down so low, the valuation gap compared to its peers (VRX)widened even further so HOR must be the stock with the highest potential to re-rate in the short term.

    Cheers
 
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