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HGO announced on the 1st November that the Komatsu MC51 started...

  1. Lagoz
    209 Posts.
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    18/01/22
    10:28
    Post #: 58938602
    HGO announced on the 1st November that the Komatsu MC51 started excavation on Friday, 29th October. In today's announcement, they state that the unit had completed 20 meters of the decline at the end of the quarter.This gives a rate of progress of 10 meters per month which means , if they keep this rate up, the 500 meter decline will be finished sometime in June, 2023. Since they plan to commence operations this year, does this mean that they will mine behind the MC51?
    HGO Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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