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.
With a "finance and development proposal," we should be seeing...
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2.1¢ |
Change
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Mkt cap ! $11.79M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.1¢ | $1.912K | 83.41K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 415605 | 2.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 123121 | 3 |
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| Last trade - 11.44am 28/11/2024 (20 minute delay) ? |
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