HGO 0.00% 7.1¢ hillgrove resources limited

Ann: Emily Star Drilling Results, page-33

  1. 2,502 Posts.
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    Indeed, a typo. The other mentioned companies' GOLD reserve is expressed in koz.

    Interesting report.

    Comparing AIC and HGO, both the smaller players in this report.

    AISC: HGO = US$2.56/lb whereas AIC = US$3.86/lb.

    SOI: HGO = 1.9 billion, which IMO is something that holds many investors at bay. AIC is a more reasonable 462 million.

    I think the most important statement in this report is:

    HGO represents an opportunity to pick up a relatively budget – circa $113m market cap – copper play
    right on the verge of first revenue. While the stock may be repriced on revenue and production
    milestones, a bigger gain could be realised in resource upgrades and mine expansion.

    My SP target price based on the current information is $0.10.

    If they indeed realise resource upgrade and expansion we could well hit $0.20, as we are only utilising some 40% of processing capacity if I recall correctly.

    HGO is potentially a nice little gem.

 
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