Copper Peer Comparisons (Undeveloped Projects, Ore Reserves, PFS or FS), page-59

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    Have a look at Hillgrove Resources (HGO).

    Market cap of circa $60 million
    No debt
    They have mining approval
    They own their own processing plant valued at around $150 million to $200 million.
    They need around $20 million to resume mining - likely to be debt financed rather than cap raising.

    Final investment decision to resume mining very soon.
    More drill results soon.
    Huge upside to keep the mine going for a very long time.

    Disclaimer: I hold shares.

 
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