I would like to think there is more than $30m in it. To me it is the rock bottom walk away price.
The resources under the pit are surely worth more, but will not be realised for some time. And there is all the risks and delays of mining.
The beauty of the PHES cash is it is available in the short term.
I have been a holder for 9 years and have only seen 1 divy. I am pretty keen to see some $ without further delay. I want the bird in the hand not the two in the bush.
Just my perspective I guess.
HGO Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
