"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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Ann: High Grade Copper Gold Assays Extend Nugent Mineralisation, page-33
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Last
3.6¢ |
Change
0.001(2.86%) |
Mkt cap ! $94.10M |
Open | High | Low | Value | Volume |
3.5¢ | 3.6¢ | 3.5¢ | $380.0K | 10.66M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 3441508 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 644032 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 3191508 | 0.035 |
21 | 4013720 | 0.034 |
7 | 1695757 | 0.033 |
6 | 2649107 | 0.032 |
3 | 437355 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 644032 | 2 |
0.037 | 1906187 | 6 |
0.038 | 1813422 | 6 |
0.039 | 1370303 | 3 |
0.040 | 1775471 | 9 |
Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
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HGO (ASX) Chart |