EXPM:HRTFF - Post by User
Comment by
jdn55on May 03, 2018 5:45pm
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Post# 27979566
RE:more NEWS
RE:more NEWSRobust economics on the new PEA. I'm no analyst but when I look at valuations based on the NPV or multiples of projected cash flow I'm hard pressed to get a valuation north of $0.60 based on all those shares outstanding and 900K+ oz M&I. Most everyone knows there is more gold then 900K+ oz though and there shouldn't be any more dilution in the forseeable future so what valuation will the market give to blue sky?
My best guess is these guys will still get taken out for well north of a buck a share but it will happen when the BOD and key shareholders (Appian et al) want it to happen and probably not for another 2 years or so once it's fully de-risked and has a much higher reserve. Gotta keep drilling!!
Should be an intersting trading day tomorrow. GLTA