Apac coal is listing shortly at 20c a share. There will be 300m shares in issue on a jorc indicated and inferred resource of 5.1m tons. APAC is in a similar area to Haddington. BUT Haddington has more than double the resource with less than half the shares on issue. Haddington has just under 150m shares and options in issue.
Essentially Haddington at current share presents very good value.
Each of the three potential revenue streams of Drilling, Balline Garnet project AND Coal suggest that there is excellent upside to be had from here.
Include the Iron ore deal which is excellent as it gives Haddington the right to get involved if there is a critical mass ie 25m tons + and hence potential economics The Uranium drilling resluts must catch the eye of majors such as Ariva etc so progress in this area provides further value.
Haddington is a beauty.
HDN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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