HGO 3.23% 6.0¢ hillgrove resources limited

Ann: Fremantle Conference Presentation, page-45

  1. VYR
    4,546 Posts.
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    Ha Ha,

    I't seems I assumed too much on the serious discussion front. I'm getting better at picking my debating partners.

    Semantics:

    It's logical to draw the conclusion that someone is saying "management don't know what they are doing" from a statement that "management have underestimated their costs"

    The Hidden Gems

    Good to learn that the 3.6mt processing plant is worth $540m. It seems Lachlan doesn't have a clue about anything. From memory he told me the plants replacement cost was circa $300m.

    Glad I have been loading up while others sit on the sidelines waiting for some good news.

    The Joke:

    Asset backing that starts with $540m for the plant given all the other stuff that comes with it makes the MC the big Ha Ha in this space.

    Be nice to exit on a PER of 48 like OZ minerals recently did when the NPAT breaks through the $250m barrier after Benz is rewarded with those copper price increases.

    Big smiles all around.


 
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