Australia's largest stock trading and investment forum Australia's #1 stock forum

HGO

Click for more information

6.25%

6.0¢ hillgrove resources limited

I thought HGO produced about 5K plus tonnes of cu metal per...

First 10 Last

Share
Profile

Follow
mwilson25

2,683 Posts.

405

20/07/19

20:28

Post #: 39615657
Share

Originally posted by VYR: ↑

Don't loose sight of the fact that in the first half we were processing high grade ore from the bottom of the pit. which would have been exhausted on my numbers in the second quarter. Pretty hard to guess Q 2 cash flows without knowing when the high grades ran out and when the dreaded mining costs ceased to drain the cash bucket.

Q3 and Q4 are much easier to estimate with mining finished and the grades in the stockpiles known.

I've got us averaging production of circa 770t of copper a month for an all up revenue of approx $7m/month including the precious metal contributions.

Monthly expenditure excluding capex is likely to be in the order of $4.5M

Assumptions

Processing $2.25m
T&R 700k
T&S 300k
other direct $450K
Royalties $350k
Corporate $ 400K

Cash surplus circa $2.5m / month untill the stockpiles run out.

I"m pretty sure that when Scomo got up they didn't drain the pond with the 1.5 cent dividend. Will be good to find out what the 30/06 cash balance and creditors were. Then we will really know whether the SP is a bargain at the moment.

Expand

I thought HGO produced about 5K plus tonnes of cu metal per quarter or around 1.7k per month. Why do you think production is only 770 tonnes per month this qtr?

HGO Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

OCC

Orthocell wins first international approval for nerve repair product

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

TMK

TMK Energy kicks off drilling for new pilot wells in Mongolia's vastly underexplored Gobi

WAF

West African Res jumps on claim mine safe under Burkina Faso's junta; HotCopper ponders Russia

DRO

Droneshield shares move up on $13.5M US govt contract

There are more pages in this discussion • 6 more messages in this thread...

First 10 Last

Add HGO (ASX) to my watchlist

(20min delay)
Last 6.0¢		Change -0.004(6.25%)		Mkt cap ! $129.9M

Open	High	Low	Value	Volume
6.4¢	6.4¢	6.0¢	$180.0K	2.915M

Buyers (Bids)

No.	Vol.	Price($)
1	29	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	30	1

View Market Depth

No.	Vol.	Price($)
2	264067	0.060
4	325169	0.059
2	390000	0.058
1	372000	0.057
1	370000	0.056

Price($)	Vol.	No.
0.061	400000	1
0.063	154741	1
0.064	390942	4
0.065	598913	3
0.066	30000	1

Last trade - 15.59pm 08/10/2024 (20 minute delay)

HGO (ASX) Chart