HGO
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2.22% 6.9¢ hillgrove resources limited

Broker Coverage, page-36

  1. HIO
    379 Posts.
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    21/01/24
    16:00
    Post #: 71986640
    Hi Alee
    My understanding of the reduced processing charge is that it results from Smelters competing for the raw product and the reduced smelting charge reflects a supply deficit. As you allude to, the lower copper price doesn't figure, but I think the big picture still says - Cu shortage in the medium term albeit there are cracks emerging in the "green dream", although momentum will promote the thematic for some time yet.

    HGO Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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