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#Broker / Analyst Coverage
stale
Last edited 4 years ago

21 June 2019:  http://www.stateone.com.au/Download/Download?file=HAV_20180621.pdf&downloadType=PUBLICATIONS

That's the latest update to clients from State One Stockbroking on Havilah Resources (ASX:HAV) regarding their Kalkaroo Project PFS (pre-feasibility study).  

HAV is certainly a high risk speculative "investment" (read: gamble).  State One have a 21 cent price target for them and a "Speculative Buy" call.  HAV closed at 13.5c yesterday, so the upside implied in State One's PT for HAV is 55%, but you need that sort of upside potential from a company that could easily go to $0.

 

Disclosure:  I have a small HAV holding.

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#ASX Announcements
stale
Added 4 years ago

29-7-2020:  Kalkaroo Project Planning Update

HIGHLIGHTS

  • Havilah plans to focus on the feasibility of developing the gold-only start up open pit at West Kalkaroo, that will initially target shallower oxidised gold resources.
  • Infill drilling at 25 metre x 25 metre spacing over the last 4 months within the planned open pit shell has delivered a high degree of confidence in the gold resource.
  • Directors consider this gold-only strategy is more likely to attract financing for West Kalkaroo and will in turn enhance the future development prospects of the much larger Kalkaroo copper-gold sulphide mining project.
  • Havilah technical personnel are currently focused on advancing the final Kalkaroo environmental approvals along with obtaining capex and opex estimates for the gold-only start up open pit.
  • The value of Kalkaroo on a NPV7.5% basis has risen considerably in AUD terms over the last 12 months, largely due to the increased long-term forecast USD gold price.
  • Kalkaroo is considered to be at the lower risk end from a COVID-19 pandemic and sovereign risk perspective, which should assist its future development prospects.

--- click on link above for the full announcement ---

[I hold HAV shares]

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