HGO 7.94% 6.8¢ hillgrove resources limited

You have to love guessing the mine life.I think the following...

  1. VYR
    4,667 Posts.
    lightbulb Created with Sketch. 3001
    You have to love guessing the mine life.

    I think the following slide is a good indication.

    The first mine plan delivers a 2.25 years of processing an average of 1.5mt PA. Thats the two black squares. Looks like there could be another 3 years in the currently known depth extensions in nugent and Kavanagh and they are open at depth.

    The north and south hub will serve to lift throughput to 3mtpa which is better than twice as good.

    There is also Stella and Mullaway which are outside the mine lease.

    The "definitive" answer is "possibly" more than ten years from a the resources a short walk from the existing plant position and many more when the further afield exploration opportunities have been explored.

    No one wants to sell at these prices it seems. That must be an indication of something.

    https://hotcopper.com.au/data/attachments/5074/5074226-3c5a3e3fd3ca52797c65216c6a5e616c.jpg


 
watchlist Created with Sketch. Add HGO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.