One more hidden gem.
Back in 2020 when the Giant pit was under contract to be sold to AGL for $30m for a pumped Hydro project, HGO were able to elliminate the need to demolish all the buildings and rehabilitate the mine site when they had it rezoned for industrial use.
Be worth a lot more today as a solar farm and pumped hydro storage asset already connected to the grid. Could be a nice earner after mining is done.
It would also provide ongoing work for the local farmers who provide a very flexible, second job workforce, when the plant needs to operate a few extra days a month.
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One more hidden gem. Back in 2020 when the Giant pit was under...
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Price($) | Vol. | No. |
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