Ann: First Underground Drill Platform Established, page-12

Of course like every good stories there is more.

With cu prices rising the cut-off grade could easily drop to 0.5% and add more tonnage.

From Kavanagh, Spitfire and Nugent targets we could easily have a 9 to 12 year mine life processing circa 1.5mt per annum.

Adding the targets at Coopers, North Kavanagh, Paringa and Emily Star could Kick the through put up to 3mt per annum for 3 to 8 of those years.

By then Stella could easily be lined up to keep the plant full.

HGO could easily be trading on a PE multiple on the profits from annual production of 30kt of cu and a nice long mine life plus heaps of blue sky with everything open at depth and all the other ELs.

Interesting few months coming up.