LRV 0.00% 11.5¢ larvotto resources limited

Ann: Amended 1.4Moz @ 6.1g/t AuEq Hillgrove Project Acquired, page-5

  1. 2,244 Posts.
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    My take is that management has done an exrta ordinarily good job in acquiring Hillgrovve which is an established mine with infrastructure and a complete processing facility. Using only the gold price at 6.1g/t equates to ~$2000.00/m3 ore. Then add in the antimony value . As a comparisson there are gold mines operating in Australia at less than 1g/t and making a profit. IMO anyone bagging Hillgrove needs to do a tad of research on mining and metallurgy.
 
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