With a "finance and development proposal," we should be seeing the risk reduced greatly. I really hope that this is the start of mine development. If the deal is favourable to Hexagon, we should be approaching $1.38 (or at least $1+) a share. See IIR review below (from January). They're saying that even before this financing deal it has been undervalued below 37c and that is with financing risk.
Source: http://www.theassay.com/wp-content/uploads/2018/02/HXG_AX_IIR_180128.compressed.pdf
In this same report they go on to say that in production, a fair market cap would be $530 million based on 5x earnings, which is over $2 a share. DYOR, but I think we are getting ready for a run.
EDIT: Just saw the announcement posted. We may have to wait a bit longer to reach production, but I'll leave this here to think about.
Ann: Trading Halt, page-23
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