My preference would be
- borrow to develop Giant Pit
- use cash flow from mining profits (while Giant pit is being developed) to start funding franked dividends in 2016 (small at first; and a start in H2CY15 would be better)
- when this bedded down, near mine and regional exploration in 2016 and 2017 (I am not keen on buying other assets [admitting that I have not examined RXM] unless HGO cannot develop its own)
Initial thoughts - keen to hear from informed holders!
HGO Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
