DepthDepth is looking a little better lately. Bids are stacking up and getting slightly higher.
| # Orders | Shares | Bid | Ask | Shares | # Orders |
| 1 | 10000 | 0.195 | 0.220 | 14500 | 1 |
| 2 | 11000 | 0.190 | 0.235 | 15000 | 1 |
| 5 | 51500 | 0.185 | 0.240 | 8000 | 1 |
| 2 | 6500 | 0.180 | 0.250 | 15000 | 3 |
| 2 | 18000 | 0.175 | 0.270 | 17000 | 1 |
At $.20, Halo has a market cap of approx. $6,000,000.
Take into account that on Feb. 28, 2011 the company had $2.8 million on hand i believe, and an additional $1.2 million from the sale of the NSR, the company should have roughly between $3-$4 million in cash, assuming they didn't burn through it in the past few months for some unknown reason.
In essence, all of Sherridon, JV area, and other properties are being given a market cap of $2-3 million when you take into account the money in the coffers.
Seems like good value, but then again, I thought there was good value at $.50.
We haven't heard anything on the cold-lost production with Hudbay. I thought we would have heard something by now, which makes me believe that maybe they won't be taking it into production after all. Either way an update would be nice.
Lets see if management can surprise us.
As always, IMHO
The 300