Very good point you make K. So HRR's BFS (29/6/16) is for a 10year LOM and it's production is based solely on Ore Reserves. Overall the BFS uses 41% of R&R so as the current exploration is proving to be successful I suspect we shall see both an increase in the total amount of R&R and an increase in conversion to Ore Reserves. This will increase LOM, NPV and increase its investment appeal. There are few ASX ZINC producers and as the Zn market is now in deficit and the Zn price continuing to rise, HRR is in pole position to enjoy the profitable fruits of being a long term Zn producer. Roll on the re-rate!
HRR Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held