I am heavily committed to HRR, but there are some issues here. Woodlawn was valued at $300mill just 12 months ago. 2.5billion shares at 7c makes a market cap of $175 million. Add cash, and it is well over $200mill. If a great success reaches 65% of its IGV, then we are capped out. If 2.5 billion shares were worth 25c each, the company would have a cap of $625,000,000. Are my numbers correct?
Ann: Heron commences drilling program at Currawang, page-6
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