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1.23%

8.0¢ hillgrove resources limited

Think there are gold credits above your 1% average Cu guess you...

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plough

33,317 Posts.

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21/02/24

19:54

Post #: 72521589
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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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Think there are gold credits above your 1% average Cu guess you have to take that into account with smaltering

for simplicity you may just want to use a figure of A$13000 a tonne for Cu , that is what I worked your value to be for Cu

5.5 *5.0 drive (just guessing they look bigger) = 27.5m cubic meters say 750 meters mined out in 3 months = 20,625 BCMs
20625 * SG3 = 61,000 tonnes from 1 TBJ

Really depends on the speed of the jumbos but I know very little about about UG so just blowing smoke out of ny ear or wherever

HGO Price at posting: 6.7¢ Sentiment: None Disclosure: Not Held
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Last 8.0¢		Change -0.001(1.23%)		Mkt cap ! $167.4M

Open	High	Low	Value	Volume
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Price($)	Vol.	No.
0.082	844028	5
0.083	816448	5
0.084	872847	4
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Last 8.1¢			Change -0.001 ( 1.82 %)
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