I know one thing for sure. The fact that the company has raised $3 mill at 3.0c means at the moment the company is quite undervalued.
The iron sand deposits are located right next to the two producing iron sand mines by Bluescope steel - meaning the predicted resource (3 billion tonnes) is highly likely
Long as they can raise enough funds for a sound PFS, and likely determine a low CAPEX - we can potentially see HDG as a 100 bagger from these levels
Iron ore might not be the flavour of the month, but iron sand mining is a completely different kettle of fish - generally with much lower CAPEX and OPEX.
A great buy at these levels IMO
above IMO only
HDG Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
