HGO hillgrove resources limited

10.1%

3.8¢

Ann: High Grade Copper Gold Assays Extend Nugent Mineralisation, page-30

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29/05/25

20:01

Post #: 79242443
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Originally posted by VYR: ↑

Interested to hear folks talking about low grades and high cost.

It seems there is a complete lack of understanding that a low grade mine is a low cost mine.

One can learn a lot reading the detailed notes in mineral resource releases.

The only grades that are ever reported by the competent people who calculate cut off grades are the ones that can be mined and processed at a price less than the return the miner gets for the cocktail of metals that are produced.

For a mine to be able to make a profit out of mining low grades it has to have very low costs.

The fact that HGO can cut off the high grades that fund the mine development at 0.6% and the stopes that only need to fund the stope mining and processing costs at 0.4 % means it is a very low cost miner.

The fact that it has very substantial exploration targets while just scratching the surface means that it has high grade resource potential.

For those into the detail you might see some close simillarities to HGO in the following slides. Seems they end up with very similar average grades that make the GRADE.

Normally $900 for 6 get it today under wraps for $ 210

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I have read many articles over the last week on small to mid tier copper companies, and possible M&A.
A few have already fallen.
It will be interesting to see if anyone is interested in HGO.
Once again, our share price would suggest not.
Would love to be wrong.

HGO Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.8¢		Change 0.004(10.1%)		Mkt cap ! $99.21M

Open	High	Low	Value	Volume
3.6¢	3.8¢	3.6¢	$209.9K	5.813M

Buyers (Bids)

No.	Vol.	Price($)
1	145000	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	889999	1

View Market Depth

No.	Vol.	Price($)
1	145000	0.037
2	427700	0.036
9	867911	0.035
12	2393058	0.034
8	2425299	0.033

Price($)	Vol.	No.
0.038	889999	1
0.039	699054	4
0.040	1165431	5
0.041	1229088	6
0.042	333540	4

Last trade - 16.10pm 27/06/2025 (20 minute delay)

HGO (ASX) Chart

Ann: High Grade Copper Gold Assays Extend Nugent Mineralisation, page-30

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

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Buyers (Bids)

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Ann: High Grade Copper Gold Assays Extend Nugent Mineralisation, page-30

Top Stories

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

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Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

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Boss extends June win streak with boosted Alta Mesa extraction rates

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News