HGO 1.59% 6.4¢ hillgrove resources limited

Ann: 17% Increase in May Production, page-30

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  1. 559 Posts.
    lightbulb Created with Sketch. 180
    Many good comments. This is a big deal. I have started and run several companies. Starting out, the #1 goal is to reach positive cash flow ASAP, you are digging a hole for yourself up to that point, everything gets better after that. There are few Elon Musks with the ability to raise funding endlessly.

    What is next?

    Generate more cashflow, seek continuous improvement everywhere in biz. Scale up, increase production as fast as you can, as long as you can maintain positive cashflow.

    Hopefully prove that the Deeps indeed have economic grade ore and gobs of it (my guess). If so, the future cashflow and share price will skyrocket.

    Come up with plan to mine the Deeps using existing and future underground workings for maximum advantage and cost savings.

    Also look for anything near existing workings that would have IRRs even better than the Deeps.

    If Deeps is good this can 5-10+ bag easy, JMHO. If Deeps not good, as figurings in above posts point out HGO can multi bag anyway, no doubt there is more ore there. They needed positive cashflow before spending on resource increase

    Cheers
    Last edited by darp: 12/06/24
 
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