Thanks for those commments Jess9.
Re your comment: "J9: My understanding is that increasing resource is a key project (termed phase 3) at the Karangahake Project – most advanced (K. contains the previously worked Talisman mine), and HGD are aiming to at least double the existing JORC compliant resource (and have indicated a further goal is to later add more resource (further drilling etc) of surrounding permits to support a 20 yr mine). A BFS was to be part of Phase 3 or 4, I think (leading on from underway resource upgrade)."
That is the key...They really need to get their resources up hopefully to the 1mil oz range - ie to support a 20 year mine life @ 50K oz a year...that would clearly place it as a decent size resource amongst other ASX gold explorers...even a doubling of the existing 200K oz resource should generate a nice re-rating...
Given the company's positive statements, the history of the Waihi area and the fact that Newmont, the worlds largest gold miner, is next door in Waihi - a resource upgrade sounds to be not too far away, hopefully leading on to a postive F/S...maybe this will be anounced prior to the spinoff??
Just noticed the options aren't listed on the ASX, but are listed on the NewcastleSX...any idea why they maintain listings on 3 exchanges??