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I see no one has commented on HLX for a while - I think the times has come to look at this one again.


If any of you have not been there go to www.rbmilestone.com/register and sign up - it is free you can then download a 27 page report on HLX.


I do not agree with all the assumptions made in this report I would prefer to be a bit more conservative. Taking PV calculations on what I consider to be more realistic worse case scenarios I still come up with a price for HLX just above $0.52 as at today's date.


In other words I am stating that the SP of HLX should be just above $0.52 now being ultra conservative.


Once the mines are in production or even better the JV partner buys out HLX's 30% stake then HLX will have a lot of cash and could arguably be valued well above %0.52.


The analyst at RBMilestone comes up with $0.95.


On my calculations the HLXOAs should be trading ar around $0.47 some 400% higher than where they are now once that NPV is reflected in the SP.


I was impressed to see that RB's analyst has used WACC and DCF models to back up their target of $0.95


I was busy buying this stock last week and am now full - so sorry if you consider this an attempt at ramping, however I think RB Milestone has already done that with their target of $0.95.


I would be interested in any comments or feedback from ASFers on the RB report.


EB


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