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5,217 Posts.
32
04/10/17
23:46
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I'm revisiting this stock after a two year absence.
HRR used to be capitalised at $30m, with the non Woodlawn assets basically in for nothing.
Two years on, Woodlawn, pre $140m new equity, is still valued at $30m. The non core assets in Ardea are now worth $70m.
Zinc is at a 10 year high and Woodlawn is a fully funded through to production in 18/19.
Sounds quite good to me. Happy to be shot down in flames before I have a punt.
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