Bought for 1) the IO-believe this tenement to be the key piece of the jigsaw in any Central Yilgarn Iron Ore Project and that Jupiter/Pallinghurst/Posco will look to advance the CYIOP in short order.
Responses to 2) recent gold results were mixed but I think that they read well.
Your 3) --uranium -- may go some way to explaining the current share price and Company rating.Don`t think that holders of Great Gold Mines-owners of 1) and 2)- were very impressed when their shares were massively diluted in a merger with Ellendale-owner of 3)- to create Hawthorn as the book value of 3) has since been savagely written down.
Recent SP and volume suggests that drilling 3) -if not a mis-application - may be being seen as at least a mis-prioritisation of resources given the already part-proven and immediately prospective nature of 1) and 2).
Like you agree but would be delighted if proved wrong and share your view that the sum of the parts makes HAW good value.
HAW Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
