re: tastarga. i reckon they're a buy hi bendigo..thought you...

re: tastarga. i reckon they're a buy hi bendigo..

thought you might be interested in this..

was part of a report i received...

in it they also have the following price predictions for (her)..see below

they have a 12 month s/price target $1.75

and a 36month target $4.30 with dividend


HERALD RESOURCES ((HER)) $0..79
Herald Resources is my number one pick in the Australian Mining Sector
based on,
• Listed on the ASX in 1948 yet have maintained a tight capital structure
with only 62.5m shares on issue.
• Well managed with Terry Allen (Managing Director) holding around 28%
of the company’s issued capital.
• World-Class zinc-lead-silver project in Indonesia. With average zinc
grades in the vicinity of 5%, Dairi as at the PFS stage is running at 22%
zinc equivalent with a further 9m tonnes at the resource stage.
• Zinc and lead prices continue to firm and with grade being King, Dairi
has a number of advantages over other projects and is bound to come
in for some attention once the numbers are crunched.
• The Coolgardie project is far from being dead and buried and with the
bonanza hit of 18m @ 46 g/t the next ten diamond holes could provide
the basis for a further resource upgrade. (Empress style deposit)

- 2 –
MULTIPLE SHARE PRICE UPSIDE
If Dairi is successfully brought into production I would expect HER’s share
price to be trading at multiples of it’s current 79c-80c range. The stock is
currently priced for absolute failure at Dairi and therefore the upside
potential on “success” is astonishing. The company has in the past paid
fully franked dividends to shareholders when cash flow permits and I see
no reason why this cannot resume over the medium-term.
The major barrier I feel is based on someone having a crack at the
company and we get taken out in the $1.40-$1.60 range. (Well below my
longer-term targets).

regards