HNR 0.00% 0.7¢ hannans ltd

cash and equivalents backup per share of 15.6c

  1. 764 Posts.
    Cash: $6m
    HNR holds 8,133,33 shares on AGO, value of $16m

    Total cash and equivalents= $20m

    The cash and equivalents back per share = $20m/128.149m shares = 15.6c

    current sp = 17.5c

    all other projects are only valued at 17.5c - 15.6c = 1.9c

    including:

    Jigalong Project, Forrestania Project,Lake Johnston Project,Queen Victoria Rocks Project and Sunday Project.... the projects cover: nickel, iron ore, fold, uranium, lead, zinc, Manganese.

    Plus this morning Wawick new release: IDENTIFIES LARGE NEW IRON TARGET: DSO exploration target of 20 to 60 million tonnes at 58 to 64% Fe.
 
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