HRR 1.69% 5.8¢ heron resources limited

HRR - Updated NPV calculation, page-10

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    Production forecast to start 12/18. This pre-production period is normally a quiet time for the SP. It tends to meander around until 2/3 months before production commences. Once production commences and all the key mining & processing assumptions in the BFS have been validated I would expect to see a substantial re-rating of HRR and a SP move to somewhere between A$2.00 to A$4.00. (At current Zn prices & AUDUSD). So probably sometime in CY2019 Q2.
    Please DYOR
 
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Currently unlisted public company.

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