Ozrider, HDG will technically have a 311Mt JORC in it's own right within a month's time when it exercises the option for a 75% interest at the first prospect. We have to continue from there with $3M worth of exploration over the next 24 months to fulfill the agreement.
The second prospect will have drilling commenced ASAP I reckon as they are aiming to get a JORC inferred resource within 6 months if you refer to the announcement for the second option a few weeks back.
HDG Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held