currently they have a m/cap of $13m approx.they only have to pay...

currently they have a m/cap of $13m approx.

they only have to pay $500k once the option is exercised.

the rest of the money has to be spent on drilling the proverbial out of the tenement - potential to jorc 1.4b tonnes.

all things being equal any which way I cut it given the current m/cap of HDG, the m/cap's of nearology plays (eg AFR) and $400m cash being offered for nearology play by an Indian company -

any entry under 30 cents would seem to be a gift.