Thanks for highlightng that info which I had missed .. or missed its significance. I have no doubt that there is much copper and gold yet to find at K. I think there is good reason to believe that HGO is aiming for much more than the 10 year mine life that the current resource represents. The capex spread over more like 20 years would make a much more attractive package!
I also note that they said in the quarterly that they will be updating the reserves and resources in the first quarter 2012. Unlike with times past, now that HGO has a group of bankers and institutions watching their performance I expect they will stick to that timetable! And extension of the minelife on a rerserves basis to 10 years and a resource basis furher still will increase the interest in HGO significantly.
H
HGO Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
