HGO 1.61% 6.3¢ hillgrove resources limited

Worth noting the studies that have been underway to lift gold...

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  1. VYR
    4,688 Posts.
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    Worth noting the studies that have been underway to lift gold recovery from 55% to 85% for minimum capital cost .

    The gold content is much higher in the Nugent Lodes and we will have the funds from the year one Kavanaugh lode production to have that work done by year two when both lodes are feeding the plant.

    The extra dollars that that generates should easily cover D and A and Corporate cost.

    With higher prices resulting in lower cut off grades and the SW Kavanaugh, Spitfire and N Kavanaugh lodes joining the party to lift throughput year two NPAT should be well north of $100m.

    Nice to watch the Hidden Gem Opportunity morphing into a debt free Cash Cow. Milking time is not far off.




 
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