Thanks VYR for your efforts.There are many options and I dare...

Thanks VYR for your efforts.
There are many options and I dare say HGO will deploy a combination of all grade and throughput scenarios. Income will effectively be tax free for a couple of years due CF losses. Based on the 2.7 cps case and a PE of 5 we should see a SP of around 13cents. Given a more likely doubling of that in years 3 and 4, the SP should then be 26cents and this would improve with a PE of say 10 to 52cents once mine longevity is established. The further upside is still there with probable Cu price increases. This is a very superficial analysis and the combinations are immense. We appear to have a very nimble mining plan and a great mining team to make it all work.
I was talking to a very experienced miner today who has invested considerably in HGO. He was happy with the announcement today as HGO has been mining Resources and not proven Reserves and the announcement showed the mining head grades are coming in as planned.