Very tightly held, I don't believe we will see a lot of liquidity at anywhere near these prices,
Interesting looking back at the metal price assumptions in the feasibility study on which the project was given the green light.
FX AUD to USD assumed 0.71, now 0.71 Zinc assumed $ 1.01 now $ 1.28 and rising Copper assumed $ 3.00 now $ 2.98 Lead assumed $ 0.91 now $ 0.97 Gold assumed $ 1200 now $ 1293 Silver assumed $ 17.80 now $ 15.21
Actual annual production of metals is Zn 40,000 tonnes, Cu 10,000 tonnes, Lead 12,000 tonnes, Au 4,000 ounces, Ag 900,000 ounces
Note all prices are in USD and with the production being Zinc dominant this is a nice situation to be in.
Once the plant is commissioned and operating and the Sedgman dispute is resolved this stock will rerate.
HRR Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held