Here's a rough shot:
1.4 million tonnes at 1.5g/t average
Total gold approx 67000 ounces.
AISC approx $2100 per ounce
Profit shared 50:50
Current gold price circa $3500, lets say $3000
HRZ share at $450 per ounce = $30 million
Not great but hey beggars cant be choosers.
On the plus side there are other irons in the fire (Cannon, Greenstone, Rose Hill, blah blah)
This buys time, I think this is a very positive step even though it pains me to see the margin being ripped out because HRZ has lost so much cred.
Here's a rough shot:1.4 million tonnes at 1.5g/t averageTotal...
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Last
5.7¢ |
Change
0.005(9.62%) |
Mkt cap ! $39.95M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.9¢ | 5.3¢ | $65.20K | 1.153M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 225000 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 413796 | 2 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
5.8¢ |
Change
0.005 ( 11.5 %) |
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| Open | High | Low | Volume | ||
| 5.5¢ | 5.8¢ | 5.5¢ | 168127 | ||
| Last updated 15.11pm 20/05/2024 ? | |||||
| HRZ (ASX) Chart |