Hi All,
Another mention from D&D again this month with their story on the most cashed up resource juniors. HGO ranked second with a net cash to market cap ratio of 48%.
'It is worth pointing out that one of the copper
companies on the list, Hillgrove Resources
(ASX:HGO), has already been tipped. It is good
to see it still near the top of the list. The company
may use the majority of its cash reserves this year
to develop its flagship Kanmatoo project. Until
recently, this was planned as a joint venture, but
with copper prices looking so strong, it decided not
to share the fun around after all'.
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