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6.7¢ hillgrove resources limited

Ann: Mine Extension Drilling to Commence at Kanmantoo, page-4

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Ebor56

103 Posts.

23

14/03/23

13:13

Post #: 66755159
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Originally posted by VYR: ↑

Let's hope that with no debt to repay, and all of upside that can come from filling the plant, they concentrate on extending mine life and filling the plant, coupled with returning a decent percentage of the cash generated to shareholders and making the most of the further afield El's with what's left over.

At current prices, the current mine plan, which is forecast to produce circa 14.7Kt of Cu pa, operating at 40% capacity should generate circa $73m pa of free cash flow based on the forecast AISC of $8,051.

A fully franked dividend of 2c share ($40m) to use up the $17.6m in franking credits should not be far off. It should be a breeze to do a lot better than that on an annual basis going forward even with a conservative payout ratio.

Makes the current price seem like a steal.

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"Makes the current price seem like a steal."

Makes me wonder why a substantial shareholder recently sold over 58m shares?

HGO Price at posting: 5.2¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Last 6.7¢		Change 0.000(0.00%)		Mkt cap ! $140.4M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
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Price($)	Vol.	No.
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