Bob understands scalability, increased production from Nugent and the exponential profits it can bring operating a largely fixed price operation … Hillgrove in its present form is marginally profit and a small drop in the copper price can take that margin away quickly.
Further upside of the Nugent development, will assist with increased mine ventilation, provide improved flow for trucks in and out of the underground to improve haulage and spread out work areas and decrease congestion … all 3 improve mining efficiency, hence costs.
Nugent will be a game changer for Kanmantoo … the challenge will be to maintain ore reserves over time with increased production.
HGO Price at posting:
3.9¢ Sentiment: None Disclosure: Held
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