RE: ERRIS3 Dec 2018 14:59
I think the mkt has totally forgotten this stock and its potential.
Our JV is currently paying to explore our Brannberg gold license, they have committed to spend $1m to get 51% interest, they are currently paying us 10% admin fee to do the exploration work(this years committed work is $1.8m from them). Should they like the project they have option to buy further 19% for $2m. Centerra Resources our JV partner are a company worth over $1.6bn in Canada. How come there is no exploration valuation for this asset?
In abbeytown we own 100% interest in our zinc project, multiple holes have been drilled from 175m-400m from the old zinc/silver mine producing in the 1950's. High grade zinc has been found along with lead, silver and something new in the area copper. Currently company is drilling from the old mine to link minerals to the mine.
This can be a very decent size resource which is very close to surface and almost all infrastructure in place.
Mkt cap is 2.4m, they have over £2m in cash and the whole licenses are just worth £500k. Rerate is due here for sure. New CEO in place to turnaround the sp, since ipo less than 12 months the sp has fallen from high of 28p to 6.5p. Our new ceo Anton has worked for some large corporations in the past and looks an excellent choice.
We have board members and management who are involved with Horizonte Minerals.
WE are finally seeing volume and i hope we get back to 25p very soon.