TSXV:HRE.H - Post by User
Post by
moreorleson Feb 14, 2017 8:05pm
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Post# 25846229
Valuation...
Valuation...Buying HRE based on a possible legal windfall is lottery odds... great if it happens, but I'm in it for the potential of the project they control - Pervomayskiy. the tailings have a huge Lithium resource, not to mention other secondary treasure - all of which is available to the new technologies.
Check the size of the pile, the estimated resource and the price. HRE has full control over this already mined stockpile.
The funding raised WILL NOT go for more legalities - it states "the Offering to complete the funding of the Company’s due diligence on the Pervomayskiy Lithium Mineralization Stockpile and Zaibaikalsky Mill. Proceeds will not be used to pay management fees, nor is it proposed to make payments to any related parties."