Ann: Activity Report for Quarter Ended 31 December 2021, page-19

Hi folks, was in HGO in past and exited in 2018. Got chatting with YVR over on RVR about HGO. So poked around here.

See: Kanmantoo Underground Economic Assessment
• Detailed assessment identified strong potential project economics for Stage 1 of the project:
o Post tax free cash flows of $196 million.
o NPV8 of $166 million.
o Internal rate of return of 389%.
o Payback period of 7 months post the completion of pre-production works

Do folks here believe that? 389% is the 2nd best IRR have ever heard of (Galane just started producing on Galaxy which they said would be 1,000%ish IRR)

If 389% even close looks interesting.