Not just little - I've made this error before trying to use double negatives - should give them up
Corrected post below:
I read through the complete Economic Assessment last night. I also went through a fair few mining companies Scoping Studies and DFS looking at IRRs etc.
Only my rules about portfolio balance are holding me back here.
The IRR on this project is through the roof. And given the fact that nearly every part of it is in place already, the confidence levels in those values must be very high.
Yes, the over riding caveat is that more resource will be required - but when you look at the prospects they have, and the results that have already come through from those prospects, it seems very unlikely that the mine life won't extend significantly from the initial assessment. And all of the drilling and JORC update can happen in the background, using cash from sales, while the company is bust mining and processing the current resource.
These sort of returns at that level of IRR - extended out over multiple years - is going to spin off a LOT of free cash flow for the company and ultimately shareholders.
...
- Forums
- ASX - By Stock
- HGO
- Ann: Kanmantoo Underground Decline Progress
Ann: Kanmantoo Underground Decline Progress, page-33
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HGO (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $115.2M |
Open | High | Low | Value | Volume |
5.7¢ | 5.7¢ | 5.4¢ | $281.8K | 5.091M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 668677 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 7160 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 668677 | 0.054 |
11 | 645546 | 0.053 |
6 | 938460 | 0.052 |
5 | 389788 | 0.051 |
11 | 772344 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 7160 | 1 |
0.057 | 108150 | 1 |
0.058 | 219979 | 2 |
0.059 | 892847 | 2 |
0.060 | 4632132 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
BOE
Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan
NEU
Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress
NEWS
Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
NEWS
Is oil undervalued?
HGO (ASX) Chart |