Thanks Foyt. Maybe that is amateurish of me as I am not a miner. Yes I can see that uplifting 3.6mt of ore from underground to the plant is a major ask. Hopefully the 1.8mt can be achieved by end of 2026 as planned and we can reassess from there. I am starting to become concerned about the unrealised CGT if HGO happens to improve in the marketplace and having to sell some after all this time to pay the tax will hurt a little, but on the flip side, a profit is a profit regardless of the tax and I will be happy to achieve that result if that happens. With Bob's expansionist philosophy, do you think he will consider a second plant? I would imagine he would do this only if there was a mining prospect which was too far from the existing mill to be economical otherwise. I suppose this is the dilemma every business faces - at what point does expansion, with the increased costs, contribute to the bottom line?
HGO Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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