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8.3¢ hillgrove resources limited

Ann: First Cash Received from Copper Production, page-12

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ducky1982

581 Posts.

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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.

Expand

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
4 Upvote

0 Great analysis

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