HGO hillgrove resources limited

Ann: High Grade Copper Gold Assays Extend Nugent Mineralisation, page-33

  1. 35,737 Posts.
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    "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":

    Well it processed 0.99% Cu last quarter at a $US 3.79 AIC* , lets say the average Cu price is $US 4.80 over the last 6 months then 4.80 /3.79 then they had around a 27% margin

    average your 0.6 and 0.4% Cu cut off and it is a cut off of o.5%

    0.5% plus 27% = 0.77 % Cu would be the supposed grade that they should have been able to get a 27% margin on but they needed 0.99% grade to achieve it which is around o.2% (0.99- 0.77) Cu higher grade

    So is the cut off grade coming in at about o.2% Cu too low at the current POC ?

    I welcome you to pull these numbers apart and refute them , looks like HGO is turning around , may be a better play than 29M .



    * (not including mortgage repayments and CAPEX )
 
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