I actually bought more again at 0.008.............what am I thinking?
My thinking is that the EDC-JV tenement is the most advanced of tenements and the other 2 big potentials being Occurane and Achumani will eventually get JV'd with someone. EDC are eager to JV with us on Achumani but our astute directors are avoiding this in the hope that other JV partners will come out and play. Occurane......,not sure about the spelling, is still in the application stage and waiting to be granted. Once granted we could receive expressions of interest IMHO.
Yes this is LT.........2020 is my take on this before we see some good returns on our investments.
I suspect that once drilling insurance is bedded down, more interest will come our way. Peru appears to be the pick of the crop atm but Chile is not far behind.
Soon enough the 6 months payback period will be over and we will see a return of buyers as some risk is removed......risk of EDC not following through. HRL Tenements highlighted in the JICA report will no doubt get a look-in in the future IMHO
Saturday arvo thoughts.......... \
HRL Price at posting:
0.8¢ Sentiment: LT Buy Disclosure: Held
