wilson raised price target to 64c on 27jan2011, page-8

TTYY

If that item is correct and Wilson's are now giving HGO a target price of 64 cents that makes perfect sense to me! Their report in December said that their valuation was 31 cents based on a long-term copper price of USD2.00/lb, with $0.05 upside for every USD0.25 cents/lb. Given that HGO has hedged at around $3.70ish that is right ... = almost 7 x $0.05 = 33 cents added to 31 cents = 64 cents.

Would love to hear about progress at Kanmantoo and BH but I suspectw e will have to wait until the end of the month for the quarterly (Drew is running the company more conservatively than previous management).

H