Australia's largest stock trading and investment forum Australia's #1 stock forum

HGO

Click for more information

3.95%

7.9¢ hillgrove resources limited

Ann: Continued Ramp Up In Production at Kanmantoo, page-15

First 15 Last

Share
Profile

Follow
HIO

361 Posts.

76

29/04/24

14:00

Post #: 73559753
Share

Originally posted by VYR: ↑

Interesting question which management have obviously had to put a lot of thought into.

It looks like they started two crews working 12 hour shifts on a six days on 6 days off schedule in the middle of Feb.

We now know how much ore was process each month and that 81,426 t was processed in 14 days. which would be an hourly rate of 242t/hr

That compares to the study average processing rate is 350t / hour.

They started the Feb campaign in the middle of Feb and only processed 33,605 t. That would be around 6 days at 242t/hr.

March processed 70,788t which at 242t/hr would be 12 days.

They may well have started two shift crews in the middle of Feb with a 6 days on and 6 days off programme.

Working 15 days a month and processing 350t/hr would get tonnes milled up to 120,000 a month which is the forecast from months 10 through to 22.

I guess Jumping up to 140,000t/ month would involve 7 days on and 6 days off.

I hope they have got a good man sorting the shifts out.

Expand

Hi VYR
Thanks for your expertise. Would your spreadsheet show EPS on current copper price of $4.6/lb US approx $15365 AUD per metric tonne?

HGO Price at posting: 7.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 9 more messages in this thread...

First 15 Last

Add HGO (ASX) to my watchlist

(20min delay)
Last 7.9¢		Change 0.003(3.95%)		Mkt cap ! $163.4M

Open	High	Low	Value	Volume
7.8¢	8.0¢	7.8¢	$169.8K	2.147M

Buyers (Bids)

No.	Vol.	Price($)
7	516702	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	147342	3

View Market Depth

No.	Vol.	Price($)
7	516702	0.078
7	361724	0.077
16	696905	0.076
14	1323514	0.075
5	624134	0.074

Price($)	Vol.	No.
0.079	147342	3
0.080	1208577	6
0.081	380952	5
0.082	274256	5
0.083	314392	6

Last trade - 13.52pm 31/05/2024 (20 minute delay)


Last 7.9¢			Change 0.003 ( 2.73 %)
Open	High		Low	Volume
7.8¢	8.0¢		7.8¢	949683
Last updated 14.13pm 31/05/2024 ?

HGO (ASX) Chart