mim and hao

The settlement of the dispute at Ravenswood is a sign of MIM cleaning up their books in preparation for the takeover. It also provides them with a large albeit low grade gold deposit, the ore grade can be greatly enhanced by simple separation.

HAO with the $20M will end up with cash of about 12cents per share after costs of litigation etc. They are also cranking up their gold mines in the Pilbara and a share price of between 12 and 18 cents should be expected.