HGO 1.59% 6.4¢ hillgrove resources limited

Ann: 17% Increase in May Production, page-31

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  1. 2,114 Posts.
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    They did a cap raise in Feb to raise $10m to continue exploration. We do know they also wanted a buffer to protect them if positive cashflow couldn't be achieved as planned.
    i expect the MRE to at least double if not triple next quarter, this is without the deeps. I make this assumption based on the metres of drilling done from underground platforms compared to the metres of drilling done from surface to achieve our current MRE.
 
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