Arhidas. This being my first blurting's in this forum I couldn't resist the temptation to reply. HRR are in my opinion grossly under valued but that is more than likely due to Nickel stocks in general and compounded by ANL's price. If you have been in HRR for a few months then no doubt you have benefited from the Avoca issue which can also be viewed as a possible reason for a fall in HRR's price but then we have Avoca shares and I have a feeling that Avoca will go places.
Getting back to Heron, I doubt that the 30,000 trial at Goongarrie is as yet too far advanced and from what I know it will be completed in the next quarter as it seems that HRR is concentrating on Sulphides Drilling. I am also informed that one scenario is to freight ore by rail to Murrin Murrin where I believe testing was done late last year and early this year on HRR's dirt. If ANL do go ahead and treat, it would be all ANL's cost and generate cash flow for Heron. I think that HRR shareholders can discount OMG (Cawse) at this stage although I am told that they do wish to expand Cawse in the future. I believe that the creation of Avoca has been done for more reasons than just to realize the full value of Heron at the time. I think that we are going to eventually see a takeover bid for Heron.
HRR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
