We will all be into the really good red stuff soon.
$1,250 X 15,000 oz less royalties is $17.6m which will pail into insignificance when they get into the high grade gold in Nugent and spend the few dollars necessary to stop leaving 30% of the gold in the tailings.
Lifting the recovery rate from 55% to 85% would at another 8,200 oz which would add another $28.9m
Thats only 40% of whats possible if the plant runs full.
HGO Price at posting:
6.1¢ Sentiment: None Disclosure: Held
