HGO 5.56% 6.8¢ hillgrove resources limited

Ann: $10 Million Placement To Fund Mine Extension Drilling, page-75

  1. VYR
    4,454 Posts.
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    Time to celebrate.

    Gold at $3,249 is up from the study number of $2,500. Thats a gain of $749/oz on 11.5 Koz = $ 8.6m gain.

    Copper at $13,336 is down on the study number of $13,500. Thats a loss of $164 /t on 43.5kt = $7.1m

    There is of course always the hidden gem. One wonders how the plan to get the gold recovery up from 55% to *5% is going that has the possibility of delivering an additional 6.3Kt of Au worth $20.5m

    So we are looking at a net gain in forecast revenues of between $1.5m and $22m .


    https://hotcopper.com.au/data/attachments/6010/6010930-c120d532db42f51e60681f25bf007a32.jpg
    https://hotcopper.com.au/data/attachments/6010/6010933-18465a6b2e5f81084177c0eb81fc5e13.jpg



    Last edited by VYR: 05/03/24
 
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