hfr going mad, page-10

Nice article... Even better heading...

Pretty true about the multiples once we are in production..

The npv in 2018 approx $3 to $3.5 million Aussie only for muga seems about right ( at current exchange rates )

Then add in the other 3 mines and under explored areas...

Can see this stock by 2020 hitting $20+ a share (with minor dilution for production expenditures) if other mines come online (and have great pfs/dfs/jorcs along the way) and even increased resourses size at muga etc

I just hope with approx 50% shares owned by management and initial capital provider ( hopefully seeking a long term max gain from my understanding ) we can avoid any take overs and see the real value in this stock in the next 5 or 10 years.... Hfr = setting up people's lives