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2.67%

7.3¢ hillgrove resources limited

I’m glad you’re not doing the feasibility study for HGO.You do...

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ducky1982

581 Posts.

87

21/02/24

19:57

Post #: 72521645
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Originally posted by ozbucheron: ↑

How much cash hit the bank?

Are these guys going to run out of money?

Cash at January 1 = A$10M

Expenditure last quarter = A$15M

Increasing production ==> increasing cost, say $20M this quarter.

So to keep the wolves from the door they have to produce A$10M - A$15M worth of copper. I'll ignore gold for this calc.

Say they net 70% of the value of the copper in con

Copper price = U$3.88 / lb
XR = 1.52

So they need to sell

10,000,000 / 70% / 3.88 / 1.52 / 2204 - 15,000,000 / 70% / 3.88 / 1.52 / 2204 tonnes of copper

or 1100 - 1650 tonnes of copper

if mill recovery is 90% and ore grade is 1% then they need to treat

1100 / 90% / 1% - 1650 / 90% / 1%

120 - 180kt of ore this quarter.

Seems a close race to me.

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I’m glad you’re not doing the feasibility study for HGO.

You do realise that the $15 million mostly relates to start up costs and hence are one off costs and don’t relate to production costs!

HGO Price at posting: 6.7¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 7.3¢		Change -0.002(2.67%)		Mkt cap ! $152.8M

Open	High	Low	Value	Volume
7.6¢	7.7¢	7.3¢	$453.0K	6.024M

Buyers (Bids)

No.	Vol.	Price($)
9	1050064	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	120000	2

View Market Depth

No.	Vol.	Price($)
9	1050064	0.073
11	849444	0.072
8	614689	0.071
14	570321	0.070
1	450000	0.069

Price($)	Vol.	No.
0.074	120000	2
0.075	100000	1
0.076	573805	3
0.077	145921	2
0.078	423077	4

Last trade - 16.10pm 26/04/2024 (20 minute delay)


Last 7.4¢			Change -0.002 ( 1.33 %)
Open	High		Low	Volume
7.6¢	7.7¢		7.3¢	2398298
Last updated 15.27pm 26/04/2024 ?

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