HRR - Updated NPV calculation, page-43

id say it has less to do with the zinc price and more so to do with whether or not the market believes Heron and Wayne as CEO can do what they have promised. The market is obviously not convinced because the business case (DFS) proves this will be a very profitable business and it's obvious to see.

I've spoken with Wayne and to me he comes across as a genuine, smart, well informed operator who is commited to the Heron project and seeing it through to first production. He mentioned he has previously at Glencore who certainly know mining and Zinc.

I'm in on this at 80cents and while its dissapointing to be 20% off down from that initial investment I'm reasonably optimistic this will re rate higher and significantly higher.