The mine at Hill End is in its development phase and there are significant additional expenses over cash costs. I don't know what proportion if any of development costs should be included in cash costs. Perhaps there is an expert in mining accountancy who could enlighten us. I do know that the drives and crosscuts put in now will be used for the entire life of the mine so I would expect costs to be apportioned accordingly.
With POG continuing to be very strong and with recent high grade sampling results, viability of the Hawkins Hill/Reward mine is becoming increasingly certain. Some actual recent production figures would be good to see though.
HEG Price at posting:
24.5¢ Sentiment: LT Buy Disclosure: Held
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