HGO 5.56% 6.8¢ hillgrove resources limited

VYR, have followed your stuff since got into HGO years ago. We...

  1. 516 Posts.
    lightbulb Created with Sketch. 176
    VYR, have followed your stuff since got into HGO years ago. We have 2 new developments. One is they are going to access the Deeps to see what is there. Just as I hoped they waited for production first before spending money there. Guessing a single drill hole and why not make it just a rotary, if good they will find that out. In fact drill rotary until they get into the body and find out if good, then swap in a core drill, saving a ton of money and time.

    1. Ok how would Deeps being equal to the grade of the first ore body change the future free cash flow?, A wild guess is fine.

    2. The fault cut off, am having trouble finding that PR now, maybe under a title that is about other things. Does that really hurt your FCF chart above? I am surprised with copper soaring here and we go into production and the stock falls a lot?? It seems to me they would not lose proven or even probable reserves on it, as drill holes past the fault would have been bad, so just inferred that were lost?

    Thanks for your work and interested in your take on the two above questions. Cheers


 
watchlist Created with Sketch. Add HGO (ASX) to my watchlist
(20min delay)
Last
6.8¢
Change
-0.004(5.56%)
Mkt cap ! $142.4M
Open High Low Value Volume
7.1¢ 7.2¢ 6.8¢ $456.2K 6.615M

Buyers (Bids)

No. Vol. Price($)
4 251625 6.8¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 268521 4
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
6.9¢
  Change
-0.004 ( 4.17 %)
Open High Low Volume
7.1¢ 7.1¢ 6.8¢ 2370792
Last updated 15.57pm 14/06/2024 ?
HGO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.