Good analysis Diri and the NPV looks even better when you factor in the likely resource upgrade from 32mt to 50mt. Plus, the gold and silver offsets cannot be sneezed at or ignored now that the prices of Au and Ag are higher.
And, our costs are quoted in USD per pound at around $1.50...our strengthening dollar will automatically trim the costs!
I've listened to DA's prsentation a number of times and I'm confident that he's confident we have a 10 plus year mine life.
Definitely PROJECT ON! Adelaide, we have a cash cow!
I'm making plans to get to Adelaide for the AGM this year (presume late June) and if I can swing it, a site inspection of K...plus a few fine wines in and around the region! Any other takers?
HGO Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
