HGO 7.94% 6.8¢ hillgrove resources limited

Ann: Quarterly Activities and Cashflow Report , page-19

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    Guys. In regards to the total cash costs, don't forget that amortisation made up almost 135c of that figure. This is non-cash; it's a write down of sunk capital costs. Cashflow will look much better, especially with the hedge. Also, those numbers are for the whole 3 months of the quarterly, during ramp up. Cash costs should be coming down considerably now that we are at or near nameplate capacity. Anyway, let's see what the next quarterly brings & hope the world economy doesn't collapse in the meantime.
 
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