re: impact of zinc prices - for tas
I think one of the main reasons why financing has taken so long on this one is that the management are unwilling to issue stock to finance the project but want 80-90% debt financing.
The directors also see HER as their own little baby and they don't really care about promoting the stock too much. They are patient and want the BEST deal for themselves - i.e. not to issue too much equity.
This is the main reason I think that everything has taken so long and not so much the sovereign risk, operational risk etc... asociated with HER.
HER IMO has the potential to be 2x the size of KZL (which I've held since 2002). If you look at the monster grades, the little exploration that has been done, the current resources, you just can't ignore HER.
HER Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
