RE: let/s talk firearmsTry doing some DD on Helio Resource (V.HRC) for a good undervalued play in Tanzania with clear upside...
60 km of strike, gold mineralization tracked over 25km with 25 targets drill tested positive for Au mineralization.
5 past producing mines in their liscence
They already have a 43-101 resource calculation in place (Nov 2010) of 940,000 Oz Au that only covers 2 our ot those 25 targets with BOTH targets included in the 43-101 still being open at depth and along strike.
They should be able to add to that resource signficantly with 20,000 meters of drilling planned in Tanzania.
They also have a project in Namibia 5km off of Anglo Gold Ashantis Navachab mine.
Right now, they are .52 with a 40 million dollar market cap...with almost a million ounces already, Im hoping they dont stay at this valuation for long.
DYODD