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Ann: Australia's Newest Copper Producer Presentation, page-38

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Lagoz

209 Posts.

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21/02/24

10:29

Post #: 72511166
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Originally posted by VYR: ↑

Rotatable containers are used at ports that don't have bulk handling infrastructure to fill the ships. They have the advantage of dust control and minimising waste. When there are enough containers the ship is loaded directly from the containers.

HGO/Whittam transport have more than enough containers to fill the ship and allow delivery to continue while thats happening.

It seems the take off agreement provides payment when the containers arrive at port. Freepoint's take off margin would cover a bit of inventory finance to give HGO earlier access to funds than FOB would deliver.

Each container holds 29 tonnes of concentrate.The concentrate contains circa 23.5% cu and 2.25 g /t of AU i.e. o.08 oz. The pay load is circa 6.8 tonnes of cu and 2.3 oz of gold. which at current prices would be worth circa $ 90k at current prices.

The first months production is about 350 t of cu so about 51 containers and about $4.6m of revenue.

Production peaks at 15.5 KT in yr 3 which is circa 190 containers / month and monthly revenues of with revenues of circa $17m running the plant at 40%. Hopefully the plant will be running full by then.

It takes 380 containers to fill a ship which is circa $34m.

The payment terms are excellent as they provide $34m of finance for the inventory delivered to port awaiting loading onto the ship. That would have been highly dilutive if it had to be funded with equity.

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Thanks VYR and others. That certainly clears up how HGO are handling the export. I realized that the containers were for dust control between the mine and the port. However, I thought that the containers were loaded onto the ship once again to control dust.

HGO Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.8¢		Change 0.005(7.94%)		Mkt cap ! $142.4M

Open	High	Low	Value	Volume
6.5¢	6.8¢	6.5¢	$330.0K	4.938M

Buyers (Bids)

No.	Vol.	Price($)
1	75000	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	325560	2

View Market Depth

No.	Vol.	Price($)
1	75000	0.066
4	170409	0.065
3	920120	0.064
5	87380	0.063
3	175000	0.062

Price($)	Vol.	No.
0.068	325560	2
0.069	971744	7
0.070	1239684	5
0.071	100000	1
0.072	500000	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

HGO (ASX) Chart

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