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3.85%

7.5¢ hillgrove resources limited

thanks@VYR

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curiouswon

3,754 Posts.

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28/11/23

17:35

Post #: 71151979
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Originally posted by VYR: ↑

Tracking to Plan:

Delving a bit deeper would indicate that all is on track.

The underground development started in May, and in the FID announcement in June, we were also told that the development profile would increase further towards the end of the year with the arrival of the second Jumbo and commencement of mine production.That ties in neatly with the production schedule which had first stope material being mined in month 7 (December).

Mine development was expected to ramp up to full rates of 25m per day by month 16 (Sept 24) following the arrival of the third Jumbo.

Plans of course change as time progresses but at this stage with hedging in place and all going smoothly any change will likely be a good one.

Equity Funding:

One of the benefits of equity funding is that the cash to fund the capex required to develop access to the additional stopes necessary to fill the plant starts to accumulate from month 7 rather than month 17 which would have been the case if debt had to be paid back from the early positive cash flows..

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thanks@VYR

HGO Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.5¢		Change -0.003(3.85%)		Mkt cap ! $157.0M

Open	High	Low	Value	Volume
7.9¢	7.9¢	7.3¢	$414.9K	5.566M

Buyers (Bids)

No.	Vol.	Price($)
4	716973	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	82714	1

View Market Depth

No.	Vol.	Price($)
4	716973	0.074
13	658346	0.073
12	909054	0.072
3	373521	0.071
12	498736	0.070

Price($)	Vol.	No.
0.075	82714	1
0.076	387263	5
0.077	230618	2
0.078	40540	1
0.079	196230	4

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last 7.4¢			Change -0.003 ( 5.13 %)
Open	High		Low	Volume
7.7¢	7.7¢		7.4¢	3355836
Last updated 15.55pm 03/05/2024 ?

HGO (ASX) Chart