HRR 1.69% 5.8¢ heron resources limited

The NPV from the DFS was $207 M divide that by 2.46B shares and...

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    The NPV from the DFS was $207 M divide that by 2.46B shares and you get 8.4c / share.
    The DFS figures recoginse Zn prices will not be $1.40 lb long term.
    The deal on financing is the recognises this same.
    The market recognises the same.
    You assumption is wrong.
    With models rubbish in = Rubbish out.

    I'm not giving you my figures but they are generally in line with the DFS - NPV. There are minor differences because there are three tailings dams and various grades in the pods mined it is a very complex set of calculations.
    You didn't do an NPV. you're was some half arsed multiple of estimated profit whcih purpots to being rigorous but doesn't work. I 'm not providing you my model just 'cuse you think I can be flattered. Perhaps those who gave you the TU's can do that.
    We also need to ask ourselves why the brokers haven't come out with their models.
    I dare say it wont be 34 C otherwise they would buy for their clients with their ears pinnend back.
    I din talk to the one a broker who had an analysis out before the financing. He was skeptical of copper recovery. I however, accept the recoveries quoted based on fine grinding.
 
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