Hi there Benz 560, Thanks for the reference to Barry and Lachlan's discussion.
A few very interesting comments by Lachlan:
They have recommenced drilling the north and south hubs with a view to a plan that will have an extended mine life and increasing throughput. The context seemed to support an ongoing reserve discovery that gives rise to increased mine life as depleted ore is replaced by ongoing exploration discovery. We can expect news flow in due course regarding N/S hubs drilling.
Added to that, the prospect of restart funding appears to still be positive especially in the light of Freeport's royalty purchase as they will want early return income on their investment.
Even though the SP has taken a massive hit in recent weeks, when I way up all the pros v cons of the project, I can see an increasing resource; a longer term increase in Cu price; and project funding being secured near term. That leads me to stay with HGO and rate it as a buy.
Cheers Mulac1
HGO Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
