Ann: Activity Report for Quarter Ended 30 June 2019, page-11

I see the copper price was down last night to just under $ US 2.57 per lb. Thank goodness for hedging.
After reading the quarterly,I feel positive about the future for HGO. With Lachlan in charge and Peter the geologist working together, would be very surprised if no copper is found. If more resource is found, the share price will hopefully start tracking up. Also, Who knows what the future holds. A joint venture? Outright sale, whatever is ahead of HGO, I think we will be fine.
It is very hard to put a value on the company as there are to many unknowns which could change the value in a positive way hugely. Time will tell I guess, but I would not be selling at present share price