hwx- headwater exploration inc.

Hi there,

HWX - Headwater Exploration is a junior mining exploration and production company. I understand the company has done well this year, but this is still a junior player in an industry that is under significant pressure. Low prices are expected to persist for some time, and as we've mentioned before, we aren't particular bullish on the sector.

Couple this with that fact this is a micro cap with significant volatility, it is not one we'd feel comfortable providing an opinion on. All we would say here is approach with caution and it is likely for the aggressive investor with a high risk tolerance.

Mat